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Consumer Portfolio Services Posts Q1 Profit

Consumer Portfolio Services Inc. (CPSS) Wednesday reported first-quarter net income of $512 thousand or $0.02 per share, compared to net loss of $4.2 million or $0.23 per share last year.

Revenues for the quarter increased to $44.5 million from $33.4 million last year.

by RTT Staff Writer

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Consumer goods giant Procter & Gamble Co. on Friday reported a profit for the second quarter that more than doubled from last year on a one-time gain and higher margins, while sales edged lower. Both revenue and core earnings per share for the quarter beat analysts' estimates. General Electric Company (GE) reported that its fourth-quarter Industrial operating plus Verticals EPS, a non-GAAP measure, decreased to $0.46 from $0.52 last year. Industrial operating plus Verticals earnings excluding gains & restructuring was $0.50 compared to $0.47. On average, 17 analysts polled... Goldman Sachs downgraded the rating of retailer Target Corp. Thursday to sell from neutral over concerns about its increasing competition with e-commerce giant Amazon.com Inc. Target's price target was reduced to $67 from $77. It is expected that the retailer's efforts to compete with Amazon will result in sluggish sales and profits.
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