Consumer Portfolio Services (CPSS) Tops Q2 EPS by 1c

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CPS Announces Second Quarter 2015 Earnings

July 15, 2015 4:30 PM EDT

Pretax income of $15.2 millionNet income of $8.5 million, or $0.27  per diluted shareNew contract purchases of $270 millionTotal managed portfolio increases to $1.822 billion from $1.726 billion at March 31, 2015New $100 million two-year revolving credit agreement

LAS VEGAS, NV, July 15, 2015 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (CPS or the Company) today announced earnings of $8.5 million, or $0.27 per diluted share, for its second quarter ended June 30, 2015. This compares to net income of $7.0 million, or $0.22 per diluted share, in the second quarter of 2014, a 22.7% increase in diluted earnings per share.

Revenues for the... More