First Acceptance posts 3Q profit

NASHVILLE, Tenn. (AP) _ First Acceptance Corp. (FAC) on Tuesday reported third-quarter net income of $2 million, after reporting a loss in the same period a year earlier.

The Nashville, Tennessee-based company said it had net income of 5 cents per share.

The auto insurance company posted revenue of $86 million in the period.

In the final minutes of trading on Tuesday, the company's shares hit $1. A year ago, they were trading at 82 cents.

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