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Axos Financial: Fiscal 3Q Earnings Snapshot

April 29, 2020 GMT

LAS VEGAS (AP) _ Axos Financial (AX) on Wednesday reported fiscal third-quarter net income of $56 million.

On a per-share basis, the Las Vegas-based company said it had profit of 91 cents. Earnings, adjusted for one-time gains and costs, came to 94 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The bank holding company posted revenue of $216.6 million in the period. Its adjusted revenue was $180.2 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $168.2 million.

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Axos Financial shares have declined 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.82, a fall of 34% 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

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