Fifth Street Finance Corp. Schedules Quarterly Earnings Release for the Period Ended December 31, 2009
Fifth Street Finance Corp. (NYSE:FSC – News) (the “Fifth Street”) announced today that it plans to report first quarter 2010 earnings before the financial markets open on Wednesday, February 10, 2010.
Fifth Street will hold a conference call at 10:00 am (Eastern Time) on Wednesday, February 10, 2010 to discuss the quarterly results. All interested parties are welcome to participate. You can access the conference call by dialing (888) 359-3613 approximately 5-10 minutes prior to the call. All callers should reference Fifth Street Finance Corp. An archived replay of the call will be available two hours after the call and will be available through February 12, 2010. To hear the replay, please dial (888) 203-1112 and reference passcode #3803046.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors. [Read the full article]
At this time I’d like to welcome everyone to the AmeriCredit second quarter fiscal year 2010 earnings conference call. This call is being recorded. All lines have been placed on mute to prevent any background noise. After managements remarks there will be a question and answer period. I will now turn the call over Caitlin DeYoung, Vice President Investor Relations. Please go ahead. Good afternoon and welcome to AmeriCredit second quarter fiscal year 2010 earnings conference call. With me today for the prepared remarks are Dan Berce, President and CEO and Chris Choate, Chief Financial Officer. Also joining us are Clifton Morris, Chairman of the Board and Steve Bowman, Chief Credit and Risk Officer. [Read the full article]
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American Express Business Travel and Concur (NASDAQ: CNQR – News) announced today a global agreement that offers clients one comprehensive corporate travel and expense management program. Powered by Concur Travel & Expense and backed by American Express Business Travel leading global travel management services and expertise, corporate customers now have access to a single end-to-end program. The relationship delivers all three components of a best in class travel and expense management program” payment, travel management and expense management. [Read the full article]
A strong December was a boon for the auto financing company AmeriCredit Corp., which posted $46 million in earnings for the second quarter. Fort Worth-based AmeriCredit's profit of $46 million, or 33 cents per share, was based on revenue of $363 million, which is up significantly from the same period the year prior when the company posted a net loss of $35 million, or 29 cents per share. During the quarter, the company saw loan originations rise to $379 million, up from $321 million during the same quarter a year prior. In terms of bad loans that were written off as part of the company’s receivables, AmeriCredit defined bad debt as 8.9 percent of its average receivables, down from 9.5 percent a year earlier. Late loan payments that were delinquent 31 days or more made up 7.7 percent of the company’s portfolio, down from 7.8 percent last year. [Read the full article]