Credit Acceptance (CACC) Tops Q1 EPS by 11c
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Credit Acceptance Announces First Quarter 2015 Earnings
April 29, 2015 4:47 PM EDTSouthfield, Michigan, April 29, 2015 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the "Company", "Credit Acceptance", "we", "our", or "us") today announced consolidated net income of $71.5 million, or $3.41 per diluted share, for the three months ended March 31, 2015 compared to consolidated net income of $49.8 million, or $2.12 per diluted share, for the same period in 2014. For the three months ended March 31, 2014, our GAAP financial results included a pre-tax loss on extinguishment of debt of $21.8 million and additional interest expense of $1.4 million associated with the issuance and redemption of senior notes during the period, which collectively... More
