Accord Announces Third Quarter Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Source: Businesswire
Financial Performance Overview: Accord Financial Corp. reported a net loss of $772,000 for Q3 2024, an improvement from a loss of $8.8 million in the same quarter last year, with revenue rising to $21.2 million due to higher yields and a gain from asset sales.
Strategic Initiatives: The company successfully sold its AEF leasing portfolio for $61.1 million, which is part of its strategy to refocus on core businesses and improve financial stability amidst challenging market conditions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
