LPHI - Life Partners Puts 3Q EPS At 44c >LPHI
Dec 13, 2007 10:18:43 (ET)
DOW JONES NEWSWIRES
Life Partners Holdings Inc. (LPHI) estimated earnings of 44 cents a share, up from 7 cents a year earlier, for the third fiscal quarter ended Nov. 30.
The Waco, Texas, insurance company expects revenue of more than $19 million, up from $7.3 million a year earlier and $17.7 million in the second quarter.
Life Partners said financial institutions turning to life settlements to offset losses from real estate or other investments contributed to the expected increase in income and revenue.
The company predicts the trend will continue in the fourth quarter.
-Shara Tibken; 201-938-5400, AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 13, 2007 10:18 ET (15:18 GMT)
