Debt buyer Asset Acceptance Capital Corp. (Nasdaq: AACC) Thursday reported significant declines in collections, revenue and earnings for the second quarter of 2009. But the company also showed optimism while detailing their growth plan for the remainder of 2009.
The Warren, Mich.-based accounts receivable management company posted net income of $0.8 million in the second quarter – or $0.3 per share – representing a 62 percent decline from income in the second quarter of 2008. Analysts on average were expecting earnings of 13 cents a share, according to Reuters Estimates.
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