Advanta Reports First Quarter Earnings; Favorable Asset Quality Trends Continue.
Business Wire › April 24, 2003
Linked as:
Extract
Advanta Reports First Quarter Earnings; Favorable Asset Quality Trends Continue.
Business Editors
SPRING HOUSE, Pa.--(BUSINESS WIRE)--April 24, 2003 Advanta Corporation (NASDAQ:ADVNB; ADVNA) today reported net income from core operations of $0.25 per diluted share for first quarter 2003 for Class A and Class B shares combined, in line with the Company's expectations, as compared to $0.30 per diluted share for first quarter 2002. Advanta reported consolidated net income for the quarter of $5.9 million or $0.24 per diluted share for Class A and Class B shares combined as compared to net income of $4.2 million or $0.16 per diluted share for the first quarter of 2002. Net income from core operations is a non-GAAP financial measure defined by the Company as net income of the Advanta Business Cards segment and the Venture Capital segment with the exception of venture capital valuation adjustments, net of tax. For first quarter...See the full content of this document
Sponsored links
