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Axos Financial: Fiscal 2Q Earnings Snapshot

SAN DIEGO (AP) _ Axos Financial (AX) on Tuesday reported fiscal second-quarter profit of $38.8 million.

The San Diego-based company said it had net income of 62 cents per share. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The bank holding company posted revenue of $148.1 million in the period. Its adjusted revenue was $109.6 million, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $111.8 million.

Axos Financial shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $28.60, a decline of 14 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