Turners annual earnings beat guidance, CEO Byrnes to exit top job

Sun, 29 May 2016

By Paul McBeth May 30 (BusinessDesk) - Turners Group, the financial services firm, beat annual earnings guidance as its finance units performed ahead of forecast and its debt collection business delivered a record year. Chief executive Paul Byrnes said he will hand over the top job to focus on a mergers and acquisitions role. Pretax earnings rose 13 percent to $21.6 million in the year ended March 31, exceeding this month's guidance for earnings to be between $21.3 million and $21.5 million, which was itself an upgrade. Revenue jumped 76...

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