Consumer Portfolio Services Turns To Profit In Q2

Trade CPSS now with

7/18/2012 6:57 PM ET

Consumer Portfolio Services Inc. (CPSS: Quote) Wednesday reported second-quarter net income of $1.3 million or $0.05 per share, compared to net loss of $6.4 million or $0.35 per share in the comparable quarter last year.

Revenues for the quarter increased 42% to $44.2 million from $31.2 million in the previous year quarter.

For six months, net income was $1.9 million or $0.08 per share, compared to a net loss of $10.6 million or $0.58 per share in the year-ago period.

Revenues for the same period were $88.7 million, up 40% from $63.5 million last year.

Click here to receive FREE breaking news email alerts for Consumer Portfolio Services Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 99 Articles Next>>

Editors Pick

U.S. Existing Home Sales Edge Up To Three-Year High In April

Existing home sales in the U.S. saw a modest increase in the month of April, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales climbed 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April from an upwardly revised 4.94 million in March.

Bernanke: Premature Tightening Could Derail Recovery

Federal Reserve Chairman Ben Bernanke on Wednesday downplayed speculation that the central bank is planning to taper its $85 billion monthly bond buying program. The economic recovery remains too fragile to proceed without extraordinary support from the Fed in light of fiscal restraint and headwinds...

Stocks Moving Modestly Higher In Early Trading - U.S. Commentary

Stocks have moved modestly higher in early trading on Wednesday, adding to the slim gains posted in the previous session. The major averages have all climbed into positive territory, although buying interest has remained relatively subdued. The major averages have seen some further upside in recent trading, reaching new highs for the young session.