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OneMain tops 1Q profit forecasts

EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Wednesday reported first-quarter earnings of $33 million.

The Evansville, Indiana-based company said it had net income of 25 cents per share. Earnings, adjusted for non-recurring costs, came to 76 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The consumer finance company posted revenue of $759 million in the period. Its adjusted revenue was $557 million, missing Street forecasts. Five analysts surveyed by Zacks expected $614.5 million.

OneMain shares have increased roughly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.55, a drop of 27 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 OMF at https://www.zacks.com/ap/OMF


Keywords: OneMain Holdings, Earnings Report