E-Loan Wants to Drive Volumev
On a tough day for the markets, E-Loan (Nasdaq: EELN) was able to post a strong gain of 14.09% to $3.32 per share. And the company reported the best kind of news for investors; that is, E-Loan had better-than-expected earnings results.
In the fourth quarter, E-Loan generated revenues of $36.2 million, which was up 36% from the same period in 2003. The company had net income of $1 million or $0.02 per share, which was up from $200,000 in the same period in 2003.
For 2004, E-Loan had revenues of $135 million (which was down 11% from 2003). Net income was $805,000, which was down significantly from the $23 million net profit in 2003.
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On a tough day for the markets, E-Loan (Nasdaq: EELN) was able to post a strong gain of 14.09% to $3.32 per share. And the company reported the best kind of news for investors; that is, E-Loan had better-than-expected earnings results.
In the fourth quarter, E-Loan generated revenues of $36.2 million, which was up 36% from the same period in 2003. The company had net income of $1 million or $0.02 per share, which was up from $200,000 in the same period in 2003.
For 2004, E-Loan had revenues of $135 million (which was down 11% from 2003). Net income was $805,000, which was down significantly from the $23 million net profit in 2003.
Read More...
posted by Mohd Amin | 9:36 PM
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