U.S. Markets close in 3 hrs 1 min

Axos Financial: Fiscal 1Q Earnings Snapshot

SAN DIEGO (AP) _ Axos Financial (AX) on Wednesday reported fiscal first-quarter net income of $36.8 million.

The San Diego-based company said it had profit of 58 cents per share. Earnings, adjusted for one-time gains and costs, came to 61 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share.

The bank holding company posted revenue of $139.3 million in the period. Its adjusted revenue was $102.8 million, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $106.6 million.

Axos Financial shares have fallen 1 percent since the beginning of the year. The stock has risen slightly more than 5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AX at https://www.zacks.com/ap/AX