Nicholas Financial reports 4Q loss

Nicholas Financial reports 4Q loss

CLEARWATER, Fla. (AP) _ Nicholas Financial Inc. (NICK) on Wednesday reported a fiscal fourth-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

The Clearwater, Florida-based company said it had a loss of 14 cents per share.

The specialized consumer finance company posted revenue of $22.9 million in the period.

For the year, the company reported profit of $5.4 million, or 69 cents per share. Revenue was reported as $90.5 million.

Nicholas Financial shares have dropped 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.51, a decline of 10 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 NICK at https://www.zacks.com/ap/NICK

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