Pre-Paid Legal Services, Inc. (NYSE:PPD) has announced results for the first quarter, which ended March 31st 2008. Overall the news is good; net income, membership revenue and earning per share all saw increases in numbers. The numbers are a reflection of a jump in membership revenue and lower expenses.
Net income for the first quarter of 2008 increased 8% to $15.9 million from $14.7 million for the prior year’s first quarter.. Membership revenues in the first quarter of 2008 increased 5% to $109.1 million from $103.9 million for the same period last year.
The only number that went down was net cash provided from operating activities. Those numbers fell 14% fro $24.1 million to $20.9 million. The company blamed an increase in cash taxes paid during the first quarter of 2008.
Complete details of the call are available on the company’s website: www.prepaidlegal.com. The webcast of the all is available on the sites investor relations page.
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