Marlin: 4Q Earnings Snapshot
Marlin: 4Q Earnings Snapshot
MT. LAUREL, N.J. (AP) _ Marlin Business Services Corp. (MRLN) on Thursday reported fourth-quarter profit of $6.3 million.
On a per-share basis, the Mt. Laurel, New Jersey-based company said it had net income of 51 cents.
The provider of equipment financing services posted revenue of $36.1 million in the period. Its adjusted revenue was $23.7 million.
For the year, the company reported profit of $25 million, or $2 per share. Revenue was reported as $134.3 million.
Marlin expects full-year earnings to be $2.30 to $2.40 per share.
Marlin shares have dropped roughly 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.19, a fall of slightly more than 6 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRLN at https://www.zacks.com/ap/MRLN