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Earnings Roundup

AmeriCredit loss is $19 million

January 23, 2008|From Times Wire Services

AmeriCredit Corp., a lender to car buyers with blemished credit records, posted a quarterly loss and cut its earnings forecast.

AmeriCredit said it lost $19 million, or 17 cents a share, in its fiscal second quarter ended Dec. 31. A year earlier, it earned $95 million, or 74 cents a share. It also said net income for the fiscal year ending June 30 would be $170 million to $195 million; previous guidance was $295 million to $320 million.

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