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OneMain: 2Q Earnings Snapshot

July 29, 2019

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.


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

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