& #8226; Mercury General Corp.

reported fourth-quarter net income of $46.2 million (84 cents per share), compared with $74.1 million ($1.36) for the same period a year earlier.


The L.A.-based personal auto and homeowners insurance company's combined ratio was 96 percent, compared to 88.6 percent in the prior-year period. Net premiums written rose 8 percent to $728 million, versus $674.2 million written in the comparable quarter of 2004.


& #8226; Learning Tree International Inc. reported first-quarter net income of $2.2 million (13 cents per share), compared with $880,000 (5 cents) for the same period a year earlier. Revenue for the El Segundo-based provider of classroom courses for IT professionals rose slightly to $39.81 million from $39.76 million in the year-prior period.


& #8226; WPT Enterprises Inc. reported a fourth-quarter net loss of $1.4 million (7 cents per share), compared with a loss of $459,000 (2 cents) for the same period a year earlier. Revenue for the L.A.-based creator of the World Poker Tour television series fell 8.6 percent to $5.2 million from $5.7 million in the year-prior period.


The company expects first-quarter revenue of $6.5 million to $7 million. WPT expects to deliver six episodes of season four of the World Poker Tour in the first quarter of 2006, with the remainder to be delivered in the second quarter.


& #8226; DTS Inc. reported fourth-quarter net income of $1.3 million (7 cents per share), compared with $192,000 (1 cent) for the same period a year earlier. Revenue for the Agoura Hills-based developer of digital audio technologies rose 8 percent to $17.9 million from $16.6 million in the year-prior period.


The company also said it was restating its 2003 finances after finding an error in the method used to compute the weighting of warrants and options included in its diluted shares calculation. As a result, DTS said its 2003 weighted average shares outstanding will be restated to 13.6 million shares from 10.8 million shares, and the period's full-year earnings will be 64 cents per share, down from the previously reported 80 cents per share. The error did not affect net income for 2003 or any other period.


& #8226; Electronic Clearing House Inc. reported first-quarter net income of $592,000 (9 cents per share), compared with $52,000 (1 cent) for the same period a year earlier. Revenue for the Camarillo-based electronic payment processor rose 32.6 percent to $16.9 million from $12.8 million in the year-prior period.


The company expects full-year total revenue growth of 17 percent to 24 percent and net income of $1.5 million to $2.5 million, which includes stock compensation expense of approximately $900,000.

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