First Acceptance posts 1Q profit

NASHVILLE, Tenn. (AP) _ First Acceptance Corp. (FAC) on Tuesday reported first-quarter net income of $730,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Nashville, Tennessee-based company said it had profit of 2 cents.

The auto insurance company posted revenue of $88.1 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1.18. A year ago, they were trading at $1.65.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAC at https://www.zacks.com/ap/FAC

Keywords: First Acceptance, Earnings Report