Financial Federal Corp. (FIF) reported that its first-quarter net income decreased to $10.30 million from $11.08 million last year. Earnings per share was $0.41 compared to $0.44 a year ago.
Net income excluding the debt gain and additional interest decreased to $8.80 million from $11.68 million last year. Excluding the debt gain and additional interest, earnings per share decreased to $0.35 from $0.47 prior year.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.
Net finance income before provision for credit losses on finance receivables decreased to $24.47 million from $26.71 million last year.
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