OneMain: 4Q Earnings Snapshot
EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported fourth-quarter earnings of $261 million.
The Evansville, Indiana-based company said it had net income of $1.91 per share. Earnings, adjusted for non-recurring costs, were $1.96 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The consumer finance company posted revenue of $1.27 billion in the period. Its adjusted revenue was $855 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $832.4 million.
For the year, the company reported profit of $855 million, or $6.27 per share. Revenue was reported as $3.16 billion.
OneMain shares have increased roughly 7% since the beginning of the year. In the final minutes of trading on Monday, shares hit $44.98, a rise of 50% in the last 12 months.