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Nicholas Financial Q1 Profit Edges Up

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8/2/2012 11:23 AM ET

Nicholas Financial Inc. (NICK: Quote) Thursday reported a slight increase in profit for the first quarter, due mainly to higher revenues.

The Clearwater, Florida-based company's first-quarter net profit was $5.37 million compared to $5.30 million last year. On a per-share basis, earnings were flat at $0.44.

Total revenues for the quarter grew to $17.28 million from $16.63 million in the prior-year quarter.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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