LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Wednesday reported fiscal third-quarter net income of $105.2 million.
The Las Vegas-based company said it had profit of $1.81 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The bank holding company posted revenue of $466.1 million in the period. Its adjusted revenue was $308.8 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $306.6 million.
Axos Financial shares have dropped 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $63.48, an increase of 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AX at https://www.zacks.com/ap/AX
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