OneMain: 2Q Earnings Snapshot

July 30, 2018

EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported second-quarter profit of $7 million.

The Evansville, Indiana-based company said it had profit of 5 cents per share. Earnings, adjusted for non-recurring costs, came to $1.18 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The consumer finance company posted revenue of $905 million in the period. Its adjusted revenue was $685 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $676.8 million.

OneMain shares have increased 29 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.52, a climb of 25 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

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