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Life Partners Expects To Report Net Income Of $7.8 Mln For Q1 - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Life Partners Holdings Inc. (LPHI) announced that it expects to report a 5% increase in net income to $7.8 million or $0.52 per share for the first-quarter ended May 31, 2010, including a one-time charge of $750,445 in deferred revenue. This one time adjustment had a $0.033 negative impact on net income, after taxes, on the period. Analysts polled by Thomson Reuters expect the company to report earnings of $0.57 per share for the first-quarter. Analysts' estimates typically exclude special items.

Net income for the period compared to $7.4 million or $0.50 per share reported for the same period last year.

The company said that the financial results were in line with the company's expectations for growth during the year. The company also expects to report a 50% return on equity and a 75% return on capital for the period.

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