ATLANTA (AP) — ATLANTA (AP) — Atlantic American Corp. (AAME) on Friday reported a first-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, were 2 cents per share.
The insurance company posted revenue of $46.3 million in the period.
In the final minutes of trading on Friday, the company's shares hit $1.93. A year ago, they were trading at $2.67.
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, source Associated Press News