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Stock impact report

CPS Announces Third Quarter 2019 Earnings

Consumer Portfolio Services, Inc. (CPSS) 
Last consumer portfolio services, inc. earnings: 4/15 05:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.consumerportfolio.com/investor-relations
Company Research Source: GlobeNewswire
Pretax income of $2.8 millionNet income of $1.8 million, or $0.08 per diluted shareNew contract purchases of $262 million LAS VEGAS, NV, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $1.8 million, or $0.08 per diluted share, for its third quarter ended September 30, 2019. This compares to net income of $3.2 million, or $0.13 per diluted share, in the third quarter of 2018.  Revenues for the third quarter of 2019 were $85.5 million, a decrease of $10.1 million, or 10.6%, compared to $95.6 million for the third quarter of 2018.  Total operating expenses for the third quarter of 2019 were $82.7 million compared to $90.9 million for the 2018 period.  Pretax income for the third quarter of 2019 was $2.8 million compared to pretax income of $4.7 million in the third quarter of 2018, a decrease of 39.9%. For the nine months ended September 30, 2019 total revenues were $260.1 million compared to $29 Show less Read more
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