DAYTON, Ohio (AFX) - Reynolds and Reynolds Co., which provides information management systems for auto dealers, said Thursday earnings edged up slightly in its first fiscal quarter and remained flat in the second quarter.
During the first quarter, which ended Dec. 31, the company earned $25 million, or 39 cents a share, versus $21 million, or 33 cents per share, in the year-ago period. Revenue edged up to $240 million from $239 million.
During the second quarter ended March 31, the company earned $22 million, unchanged from the year before. However, earnings per share were 35 cents, versus 34 cents in the year-ago period. Revenue totaled $247 million, down from $251 million a year before.
The company's filing of results for the two quarters was delayed pending completion of a review by the Securities and Exchange Commission.
Shares of Reynolds rose 28 cents to close at $28.53 on the New York Stock Exchange. In aftermarket activity, they climbed 83 cents, or 2.9 percent, to $29.36. The stock has ranged between $24.72 and $30.62 over the past year.
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