Best Stocks To Invest In 2/9/2013-1

NEWT, Newtek Business Services, Inc.

For the third quarter 2012, NEWT posted operating revenues of $33.5 million, a 9.1% increase year over year, and net income of $1.5 million, a 70.5% increase compared to the same period the prior year.

Full year consolidated 2012 guidance has been adjusted upwards based on improvements primarily in the small business finance segment.

NEWT now expects a pretax income midpoint of $8.75 million, versus $7.5 million, and a midpoint Modified EBITDA of $16.0 million, up from $15.3 million. NEWT‘s EPS range is forecast at between $0.12 and $0.15 per diluted share with a midpoint of $0.13 per diluted share, up from previous guidance of $0.12 per diluted share.

NEWT is a direct distributor of a wide range of business services and financial products to the small- and medium-sized business market under the Newtek(R) brand.

More about NEWT at www.thesba.com

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