Life Partner provides 1Q earnings guidance (AP)
Tue, 16 Jun 2009 14:11:25 Etc/GM
The Waco, Texas-based company said it expects to report net income of $7.8 million, or 53 cents per share, for the period ending May 31. That compares with earnings of $6.2 million, or 42 cents per share, last year.
The company said it expects to report $27.4 million in revenue, a 12 percent increase from $24.4 million a year ago.
The earnings-per-share calculations have been adjusted to reflect a 5-for-4 stock split in February.
Life Partners seeks to buy life-insurance policies of terminally ill patients and the elderly at a discount to their face value.
The company plans to report its results around July 10.
Shares of Life Partners fell 32 cents to $16.52 in morning trading.
source: http://biz.yahoo.com/ap/090616/us_life_partner_holdings_outlook.html?.v=1