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Axos Financial: Fiscal 2Q Earnings Snapshot

LAS VEGAS (AP) _ Axos Financial (AX) on Wednesday reported fiscal second-quarter profit of $41.3 million.

On a per-share basis, the Las Vegas-based company said it had net income of 67 cents. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The bank holding company posted revenue of $168.5 million in the period. Its adjusted revenue was $129.6 million, falling short of Street forecasts. Six analysts surveyed by Zacks expected $130.5 million.

Axos Financial shares have fallen 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.56, a decline of almost 4% 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