Recent Earnings

NetSol Swings to Fiscal 2016 Profit on Record Revenues

NetSol Technologies reported net revenue for fiscal year 2016 was a record $64.6 million, up 26% from the previous year. Net income was $3.4 million compared to a net loss of $5.5 million a year earlier. read more

HPE to Sell-Off Software Assets for $8.8B

Hewlett Packard Enterprise will spin-off and merge its software assets with Micro Focus in a deal valued at $8.8 billion. read more

DLL Reports H1/16 Profit Up 15.6%, Managed Portfolio Up 4.7%

DLL reported a net profit before minority interest of $331 million in H1/16, up 15.6% compared to the same year-ago period. The company’s managed portfolio grew 4.7% to $42.6 billion. read more

Deere Financial Earnings Off on Lower Spreads, Charges & Residuals

Deere reported Q3/16 earnings were down on weakness in global markets for farm and construction equipment. Deere said financial services net income was hurt by lower spreads, higher provisioning and losses on lease residual values. read more

Willis Lease Finance Swings to Q2 Profit

Jet engine lessor Willis Lease Finance reported earnings for Q2/16 of $3.4 million on revenue of $49.6 million compared to a net loss of $0.5 million on revenue of $43.8 million a year earlier. read more

Element Reports Q2 Fleet Originations Double Year/Year

Element Financial reported Q2/16 originations from its Fleet Management business of $1.70 billion compared to $820.7 million for the same quarter a year earlier. read more

Element Reports ECN Capital Portfolio Growth of 22% Y/Y

Element reported total earning assets for ECN Capital at the end of Q2/16 was $6.6 billion, up 22% compared to $5.4 billion at the end of Q2/15. read more

Snap-On Financial Q2 Portfolio Additions Up 12.4% Y/Y

Snap-On reported Q2/16 additions to its portfolio of $244.2 million were up 12.4% from $217.2 million in the same quarter in 2015. The company said quarter-end net finance receivables stood at $1.3 3 billion, up from $1.22 billion a year earlier. read more

Gain on ABL Sale Boosts NewStar YTD Earnings

NewStar reported year-to-date net income of $9.25 million was up 22.7% compared to $7.54 million a year earlier. The company noted a $22.5 million gain on the sale of its ABL business earlier in the year. read more

Air Lease Q2 Y/Y Earnings Up 20.3% on Record Revenues

Air Lease announced Q2/16 net income of $91.8 million was up 20.6% compared to $76.1 million a year earlier. Revenues were a record $350.1 million, up 14.9% from $304.7 million in Q2/15. read more

Marlin Business Services Reports 30.3% Increase in Origination Volume

In its Q2/16 earnings report, Marlin reported lease and loan orginiation volume of $121.5 million, up 30.3% from Q2/15. In addition, the company posted a 9.8% increase in net income. read more

CNH Financial Q2 Earnings Drop on Portfolio Shrinkage, Lower Spreads

CNH reported Q2/16 net income for Financial Services was down $11 million from $98 million in Q2/15 as a result of lower average portfolio balances and reduction in interest rate spreads. read more

Rush Enterprises Q2 Class 8 Sales Down 45% Y/Y

Rush Enterprises reported Q2/16 Class 8 truck sales decreased 45% compared to the same quarter in 2015. The company noted “Class 8 sales were severely impacted by reduced demand from several of its large fleet customers.” read more

Cat Financial Reports 12% Q2 Increase in New Business Volume

Cat Financial reported Q2/16 retail new business volume was $3.06 billion, an increase of $319 million or 12% from Q2/15. The increase was related to higher volume primarily in North America and Europe. read more

PACCAR Q2 Earnings Helped by Favorable EC Adjustment

PACCAR reported Q2/16 net income of $481.3 million was up from $447.2 million in Q2/15. The truck maker noted earnings were helped by a favorable $109.6 million adjustment to a charge for the EC investigation of European truck manufacturers. read more

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