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Article: First Acceptance Corporation Reports Operating Results for the Quarter and Nine Months Ended March 31, 2009.(Financial report)
- Article from:
- Insurance Weekly News
- Article date:
- May 29, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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First Acceptance Corporation (NYSE: FAC) reported its financial results for the third quarter and nine months ended March 31, 2009 of its fiscal year ending June 30, 2009. Operating Results Revenues for the three months ended March 31, 2009 were $67.1 million, compared with $84.0 million in the same period last year. Income before income taxes for the three months ended March 31, 2009 was $4.0 million, compared with $1.3 million in the same period last year. Net income for the three months ended March 31, 2009 was $2.4 million, or $0.05 per share on a diluted basis, compared with net income of $0.8 million, or $0.02 per share on a diluted basis, for the three months ended ...
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