AmeriCredit 2Q Earnings Climb 34 Percent

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012928-americredit-2q-earnings-climb-34-percent/

Auto-loan provider AmeriCredit Corp. said Monday its fiscal second-quarter earnings rose 34 percent as loan purchases increased, and the company raised its 2006 guidance.

Net income grew to $86.6 million, or 59 cents per share, from $64.6 million, or 39 cents per share, a year ago. Revenue rose 30 percent to $448.1 million from $344.8 million last year.

For this complete story, please visit http://biz.yahoo.com/ap/060123/earns_americredit.html?.v=1.