Spear Financial Shows $233,570 Quarterly Profit

Spear Financial Services Inc. in Glendale posted a first-quarter profit of $233,570, compared with a year-earlier loss of $7,340.

Spear, which sells insurance-related investments and provides discount brokerage services, said the latest earnings came on a 10% gain in revenue, to $5.88 million from $5.36 million. The company said the gains reflected improved results at both its securities business and its insurance operation.