OneMain: 2Q Earnings Snapshot
EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported second-quarter earnings of $194 million.
The Evansville, Indiana-based company said it had profit of $1.42 per share. Earnings, adjusted for non-recurring costs, were $1.62 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The consumer finance company posted revenue of $1 billion in the period. Its adjusted revenue was $762 million, also beating Street forecasts. Seven analysts surveyed by Zacks expected $743.1 million.
OneMain shares have increased 47% since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.76, a rise of slightly more than 5% in the last 12 months.