Online Resources Reports HighEarnings
McLEAN, Va. - (10/21/04) -- Online Resources Corp. said thirdquarter earnings rose to $2.1 million, or 11 cents a share,compared to just $364,000, or two cents a share, for the sameperiod last year. Revenues grew a strong 19% to $11 million for theperiod. During the quarter Online Resources increased its clientbase by 10 financial institutions to a total of 697. Through thefirst three quarters of the year the company reported an 8% rise inrevenues to $31 million, and net earnings of $3.8 million, or 19cents a share, compared to $2.4 million, or 15 cents a share, forthe same period last year.