MicroFinancial, Inc. (MFI) Misses Q4 EPS by 2c
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MicroFinancial Incorporated Announces First Quarter 2014 Results
April 16, 2014 4:01 PM EDTBURLINGTON, Mass., April 16, 2014 (GLOBE NEWSWIRE) -- MicroFinancial Incorporated (Nasdaq: MFI) a financial intermediary specializing in vendor based leasing and finance programs for microticket transactions, today announced financial results for the first quarter ended March 31, 2014.
Quarterly Highlights:
Net income decreased by $0.2 million to $2.1 million or $0.14 per diluted share on 14,759,188 shares; Increased cash received from customers by 11.5% to $34.6 million, representing $2.34 per diluted share as compared to the first quarter of 2013; Increased total revenues by 2.6% to $15.7 million as compared to the same period last year; Increased originations by 14.8% to $23.0 million, up from... More