Newtek: 3Q Earnings Snapshot
LAKE SUCCESS, N.Y. (AP) _ Newtek Business Services Inc. (NEWT) on Wednesday reported third-quarter net income of $10.6 million.
The Lake Success, New York-based company said it had net income of 55 cents per share. Earnings, adjusted for one-time gains and costs, were 63 cents per share.
The provider of financial and business services to small-and medium-sized business posted revenue of $16 million in the period.
Newtek shares have risen 27% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.09, an increase of 11% in the last 12 months.