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Letter to the Editor
Wednesday February 5
CCC Reports Quarterly Profit
CCC Information Services Group Inc., which provides software to help process auto insurance claims, reported a quarterly profit, reversing a year-ago loss with the help of slightly higher revenues and lower expenses.The company posted net income of $4.8 million, or 17 cents per share, for the fourth quarter, compared with a net loss of $3.5 million, or 16 cents per share, in the year ago period.
Revenue for the fourth quarter was up 1.2 percent at $48.4 million, it said, adding that revenue should grow in the low to mid-single digit range during 2003.
The company anticipates 2003 earnings at 92 cents to 96 cents per share.
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