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Axos Financial: Fiscal 2Q Earnings Snapshot

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LAS VEGAS (AP) _ Axos Financial (AX) on Thursday reported fiscal second-quarter net income of $54.7 million.

The Las Vegas-based company said it had profit of 91 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 94 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The bank holding company posted revenue of $184.1 million in the period. Its adjusted revenue was $162.8 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $149.3 million.

Axos Financial shares have risen nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.13, a climb of 43% in the last 12 months.

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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