LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Tuesday reported fiscal third-quarter net income of $110.7 million.
The Las Vegas-based company said it had net income of $1.91 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.94 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The bank holding company posted revenue of $476.7 million in the period. Its adjusted revenue was $294.8 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $277.9 million.
Axos Financial shares have dropped slightly more than 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $50.61, an increase of 26% 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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