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On Deck Capital: 4Q Earnings Snapshot

NEW YORK (AP) _ On Deck Capital Inc. (ONDK) on Tuesday reported fourth-quarter profit of $14 million.

On a per-share basis, the New York-based company said it had profit of 18 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The small business lender posted revenue of $109.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $105.5 million.

For the year, the company reported net income of $27.7 million, or 35 cents per share, swinging to a profit in the period. Revenue was reported as $398.4 million.

For the current quarter ending in April, On Deck Capital said it expects revenue in the range of $108 million to $112 million.

The company expects full-year revenue in the range of $445 million to $465 million.

On Deck Capital shares have risen 25 percent since the beginning of the year. The stock has increased 73 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 ONDK at https://www.zacks.com/ap/ONDK