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Last10K.com | 10-Q Quarterly Report Mon Nov 08 2010
Exhibit 99.1
FOR IMMEDIATE RELEASE
Jamie Fulmer (864) 342-5633
jfulmer@advanceamerica.net
Advance America Announces Results of the Third Quarter 2010 and Declares Dividend
SPARTANBURG, S.C., October 27, 2010 — Advance America, Cash Advance Centers, Inc. (NYSE: AEA) today reported the results of its operations for the quarter and nine months ended September 30, 2010.
Highlights Nine Months and Quarter ended September 30, 2010:
· Diluted earnings per share for the nine months and quarter were $0.32 and $0.02, respectively.
· Excluding a charge for previously disclosed legal settlements, diluted earnings per share for the nine months would have been $0.50, and diluted earnings for the quarter would have been $0.18.
· Center gross profit for the quarter was $36.2 million.
· Income before income taxes for the quarter was $3.9 million.
· Excluding legal settlements, income before income taxes for the quarter would have been $20.1 million.
Commenting on the results of the third quarter of 2010, Advance America’s President and Chief Executive Officer, Ken Compton, said, “Despite the effects of charges related to a legal settlements, our core results once again serve as a solid indication that our basic
The following information was filed by Advance America, Cash Advance Centers, Inc. (AEA) on Thursday, October 28, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Advance America, Cash Advance Centers, Inc.'s financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Advance America, Cash Advance Centers, Inc..
Assess how Advance America, Cash Advance Centers, Inc.'s management team is paid from their Annual Proxy
Advance America, Cash Advance Centers, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2010 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Ticker: AEA
CIK: 1299704
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-10-056930
Submitted to the SEC: Mon Nov 08 2010 4:55:29 PM EST
Accepted by the SEC: Mon Nov 08 2010
Period: Thursday, September 30, 2010
Industry: Personal Credit Institutions
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