* Q3 net loss $0.69/shr vs $1.10/shr last year
* Q3 managed loss $0.72/shr vs loss estimate of $0.62/shr
* Total interest income down 81 pct at $24.5 mln
* Shares down 18 pct
Nov 5 (Reuters) - CompuCredit Corp posted a wider-than-expected loss as the marketer of branded credit cards and related financial services was hurt by a significant decline in total interest income.
The company posted a quarterly loss of $32.3 million, compared with a loss of $53.2 million a year earlier. .
On a managed basis, excluding certain items, the company lost $33.7 million, compared with $46.5 million it earned last year.
Net interest margin fell to 15.1 percent from 18.7 percent last year.
Shares of the Atlanta, Georgia-based company were down 18 percent at $2.32 in after-hours trading on Nasdaq.
(Reporting by Adheesha Sarkar in Bangalore; Editing by Gopakumar Warrier) Keywords: COMPUCREDIT/ (adheesha.sarkar@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: adheesha.sarkar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Q3 managed loss $0.72/shr vs loss estimate of $0.62/shr
* Total interest income down 81 pct at $24.5 mln
* Shares down 18 pct
Nov 5 (Reuters) - CompuCredit Corp posted a wider-than-expected loss as the marketer of branded credit cards and related financial services was hurt by a significant decline in total interest income.
The company posted a quarterly loss of $32.3 million, compared with a loss of $53.2 million a year earlier. .
On a managed basis, excluding certain items, the company lost $33.7 million, compared with $46.5 million it earned last year.
Net interest margin fell to 15.1 percent from 18.7 percent last year.
Shares of the Atlanta, Georgia-based company were down 18 percent at $2.32 in after-hours trading on Nasdaq.
(Reporting by Adheesha Sarkar in Bangalore; Editing by Gopakumar Warrier) Keywords: COMPUCREDIT/ (adheesha.sarkar@reuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: adheesha.sarkar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.