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Article: Credit Acceptance Corporation Reports Second Quarter Earnings of $7,729,000 or $0.18 Per Diluted Share Representing a 25.6% Increase in Net Income.
- Article from:
- Business Wire
- Article date:
- July 18, 2001
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Business Editors
SOUTHFIELD, Mich.--(BUSINESS WIRE)--July 18, 2001
Credit Acceptance Corporation (Nasdaq:CACC) announced today that consolidated net income for the quarter ended June 30, 2001 was $7,729,000 or $0.18 per diluted share compared to $6,153,000 or $0.14 per diluted share for the same period in 2000 representing 25.6% and 31.8% increases in net income and earnings per share, respectively.
For the six-month period ended June 30, 2001, consolidated net income was $14,318,000 or $0.34 per diluted share compared to $11,879,000 or $0.26 per diluted share for the same period in 2000.
Earnings for the quarter ended June 30, 2001 ...