In a story on March 10 about First Acceptance's latest earnings, The Associated Press erroneously reported that it was for the company's fiscal second quarter. It was for the fourth quarter.
A corrected version of the story is below:
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First Acceptance posts 4Q profit
First Acceptance posts 4th-quarter profit of $22 million
NASHVILLE, Tenn. (AP) — First Acceptance Corp. (FAC) on Tuesday reported profit of $22 million in its fiscal fourth quarter.
On a per-share basis, the Nashville, Tennessee-based company said it had profit of 53 cents.
The auto insurance company posted revenue of $67.9 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit $2.44. A year ago, they were trading at $2.80.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAC at http://www.zacks.com/ap/FAC
Keywords: First Acceptance, Earnings Report