OneMain: 4Q Earnings Snapshot

February 11, 2019

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.


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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