2.43%XLF 15.10 
10.30%QQQQ 31.32 0.63%
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WACO, Texas - Life Partners Holdings Inc.'s fiscal first-quarter earnings rose 32 percent as it continued to limit its exposure to the turbulent financial and credit markets, the company said Monday.
| LPHI | 28.97 |  1.05 |
Life Partners, reporting preliminary results, said net income in the quarter ended May 31 rose to $6.2 million, or 52 cents per share, from $4.7 million, or 40 cents per share, in the year-ago period.
Revenue rose 39 percent to $24.4 million from $17.6 million last year.
Life Partners seeks to buy life-insurance policies of terminally ill patients and the elderly at a discount to their face value. The company said that because their "life settlements" are not correlated to the stock market performance and other economic factors, its results have not been hurt by recent market turmoil.
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