Abacus Global Management, Inc. Q1 Income Rises

(RTTNews) - Abacus Global Management, Inc. (ABL) released a profit for its first quarter that Increases, from the same period last year

The company's earnings totaled $7.26 million, or $0.07 per share. This compares with $4.63 million, or $0.05 per share, last year.

Excluding items, Abacus Global Management, Inc. reported adjusted earnings of $17.12 million or $0.17 per share for the period.

The company's revenue for the period rose 34.6% to $59.39 million from $44.13 million last year.

Abacus Global Management, Inc. earnings at a glance (GAAP) :

-Earnings: $7.26 Mln. vs. $4.63 Mln. last year. -EPS: $0.07 vs. $0.05 last year. -Revenue: $59.39 Mln vs. $44.13 Mln last year.

-Guidance: Next quarter EPS guidance: $ 0.24 To $ 0.26 Full year EPS guidance: $ 1.00 To $ 1.05