United Capital Corp. Reports Third Quarter EPS of $.40

United Capital Corp. (AFP) today reported results for the three and nine months ended September 30, 2010. Net income increased 159% to $10.2 million for the nine months ended September 30, 2010, versus the comparable 2009 period. Earnings per basic share were $1.13 for the year-to-date period, compared to $.44 in the same period in 2009. The increase in net income was fostered by a 43% increase in total revenues, for a total of $60.3 million in the first nine months of 2010, compared to $42.1 million for the same period of 2009. Operating income and income from continuing operations rose an impressive 106% and 115%, respectively, for the nine months ended September 30, 2010, from that reported in 2009. For the third quarter of 2010, net income rose 124% to $3.6 million, from $1.6 million reported in the third quarter of 2009. Earnings per basic share were $.40 for the current three month period, compared to $.18 per basic share in the same 2009 period. Total revenues grew 37% to $20.2 million in the three months ended September 30, 2010, compared to the same three month period of 2009.