Investors see nothing in fourth-quarter earnings to boost share prices in the battered home equity sector.

On Thursday, FirstPlus Financial Group Inc. of Dallas reported net income of $8.6 million, or 22 cents a share for the quarter ended Dec. 31, compared with $49.6 million a year earlier. The company announced in December that it was eliminating its use of gain-on-sale accounting, and the earnings drop was expected by analysts.

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