October 30, 1997 |
Aames Financial Corp. said Wednesday that fiscal first-quarter earnings fell 6% as it used more conservative accounting for recording revenue. The Los Angeles-based mortgage lender said it had net profit of $13.1 million, or 45 cents a share, in the quarter ended Sept. 30, compared with $14 million, or 56 cents a share, excluding a $28-million charge, for the same period a year ago. That exceeded the average estimate by analysts of 40 cents a share. The decline in earnings reflected an 11.