Credit Acceptance Q3 Profit Rises, Beats View - Quick Facts

(RTTNews) - Credit Acceptance Corp. (CACC) Wednesday reported third-quarter net income of $74.0 million or $3.38 per share, up from $65.1 million or $2.75 per share in the same period last year.

Adjusted net income for the quarter was $71.3 million or $3.26 per share, compared to $64.5 million or $2.72 per share in the year-ago period. On average, eight analysts polled by Thomson Reuters expected the company to earn $3.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter increased to $181.7 million from $172.7 million last year. Analysts expected revenues of $181.7 million.