Earnings Surge at Pre-Paid Legal Services
Lower commissions -- down to $31.4 million from $37.4 million -- contribute to higher net income. Lower commissions helped boost third-quarter net income 55 percent at Pre-Paid Legal Services Inc.
The Ada-based company reported Monday that it earned $13.4 million, or 93 cents a diluted share, compared with $8.6 million, or 55 cents a share, in the same period a year ago.
Diluted earnings per share assumes the exercise of stock options and warrants, and the conversion of convertible bonds and preferred shares in computing outstanding shares. Because diluted income per share involves spreading net income over more outstanding shares, the additional equity dilutes, or reduces, earnings on a per-share basis, according to an online definition.
Related News
-
Pre Paid Legal To Host Convention
Following the recent announcement of the proposed merger acquisition by MidOcean Partners, Pre-Paid Legal Services, Inc. will march into the 2011 International Convention in Oklahoma City, April 7-9 with an ambitious agenda that focuses on both the future of the company and its history as a pioneer ... Read More...Finkelstein Thompson LLP Announces Investigation of Pre-Paid Legal Services
WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pre-Paid Legal Services, Inc. ('Pre-Paid Legal' or the 'Company') (NYSE:PPD) concerning the proposed acquisition of the Company by MidOcean Partners. Under the terms of the offer, Pre... Read More...Pre-Paid Legal Announces Update on SEC Subpoena
Pre-Paid Legal Services, Inc.announced that, as a part of an ongoing inquiry by the Division of Enforcement of the Securities and Exchange Commission ("SEC"), we received an additional subpoena from the SEC on April 13, 2010. The subpoena requests us to provide documents relating to certain membersh... Read More...Pre-Paid Legal documents subpoenaed by SEC
In an April 15, 2010 article by The Associated Press, Pre-Paid Legal has been subpoenaed by the Securities and Exchange Commission to produce documents related to complaints by customers, CEO Harland C. Stonecipher's resignation, and other issues.Replacing the 71 year old Mr. Stonecipher are two ... Read More...
