E-Loan climbs; profit up sharply as revenue jumps
Shares of E-Loan Inc. jumped Thursday, after the online lender said fourth-quarter net income soared on a 36 percent increase in revenue.
Stock of the Pleasanton-based company rose 41 cents, or 14 percent, to close at $3.32 on the Nasdaq Stock Market. Thursday's strongest level of $3.47 didn't surpass the 52-week high of $4.12 set Dec. 15. There was a 52-week low of $1.94 on Aug. 2.
E-Loan said its net income rose to $1.03 million, or 2 cents a share, from $190,000, or breakeven per share, in the previous year.
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Shares of E-Loan Inc. jumped Thursday, after the online lender said fourth-quarter net income soared on a 36 percent increase in revenue.
Stock of the Pleasanton-based company rose 41 cents, or 14 percent, to close at $3.32 on the Nasdaq Stock Market. Thursday's strongest level of $3.47 didn't surpass the 52-week high of $4.12 set Dec. 15. There was a 52-week low of $1.94 on Aug. 2.
E-Loan said its net income rose to $1.03 million, or 2 cents a share, from $190,000, or breakeven per share, in the previous year.
Read More...
posted by Mohd Amin | 8:46 AM
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