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Advanta beats Wall Street Q1 profit expectation

SMALLCAP MARKETPLACE
Will Atkinson | Apr 30, 2008 1:59pm EDT | Comment
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Advanta Corp. (Nasdaq:ADVNB) shares are up more than 17% after the Spring House, Penn.-based business credit card issuer reported first-quarter earnings of $18.4 million, or $0.44 per share, which widely beat Wall Street’s expectation of earning $0.04 per share.

In Wednesday afternoon trading, ADVNB shares are up 17.92%, or $1.35, at $8.89. For detailed price information and recent news stories about Advanta, click ADVNB.

Will Atkinson

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Reporter Will Atkinson is based in SmallCapInvestor.com's Washington, D.C. bureau. Read More

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