Spear 1st-Quarter Profit Jumps to $1.03 Million
- Share via
Spear Financial Services Inc., a Glendale-based provider of financial services, said its first-quarter profit soared to $1.03 million from $234,000 in the year-earlier quarter.
Spear, which offers insurance-related investments and operates a discount brokerage, said the latest earnings in the quarter that ended March 31 included a $185,000 gain from an accounting change.
The company’s revenue nearly doubled, to $11.5 million from $5.89 million a year earlier.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
