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First Acceptance reports 4Q loss

NASHVILLE, Tenn. (AP) _ First Acceptance Corp. (FAC) on Tuesday reported a fourth-quarter loss of $3.5 million, after reporting a profit in the same period a year earlier.

The Nashville, Tennessee-based company said it had a loss of 9 cents per share.

The auto insurance company posted revenue of $87.8 million in the period.

For the year, the company reported that its loss widened to $29.3 million, or 71 cents per share. Revenue was reported as $389.6 million.

In the final minutes of trading on Tuesday, the company's shares hit $1.26. A year ago, they were trading at $2.30.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAC at https://www.zacks.com/ap/FAC


Keywords: First Acceptance, Earnings Report