OneMain: 4Q Earnings Snapshot
EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported fourth-quarter profit of $168 million.
The Evansville, Indiana-based company said it had net income of $1.24 per share. Earnings, adjusted for non-recurring costs, were $1.39 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The consumer finance company posted revenue of $1.11 billion in the period. Its adjusted revenue was $882 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $730.5 million.
For the year, the company reported profit of $447 million, or $3.29 per share. Revenue was reported as $3.36 billion.
OneMain shares have increased 23 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.92, declining slightly in the last 12 months.