Axos Financial: Fiscal Q1 Earnings Snapshot
LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Thursday reported fiscal first-quarter profit of $82.6 million.
The Las Vegas-based company said it had profit of $1.38 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The bank holding company posted revenue of $398.5 million in the period. Its adjusted revenue was $245.7 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $241.5 million.
Axos Financial shares have dropped 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.83, an increase of 3% 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
