Axos Financial: Snapshot of results for the fourth fiscal quarter

LAS VEGAS (AP) _ Axos Financial ( AX ) reported fiscal fourth-quarter earnings of $57.9 million on Thursday.

The Las Vegas-based company said it had a profit of 96 cents per share. Earnings, adjusted for one-time gains and costs, came in at $1.12 per share.

The results beat Wall Street expectations. The average estimate of six analysts polled by Zacks Investment Research was for earnings of $1.02 per share.

The bank holding company posted revenue of $211.3 million during the period. Its adjusted revenue was $192.5 million, which also beat Street forecasts. Five analysts polled by Zacks were expecting $180.8 million.

For the year, the company posted a profit of $240.7 million, or $3.97 per share. Revenue was $720.5 million.

Shares in Axos Financial have fallen 24% since the start of the year. In the final minutes of trading on Thursday, the stock hit $42.27, down nearly 10% over the past 12 months.


This story was generated by Automated statistics (using data from Zacks Investment Research. Access to Zacks Stock Report on AX at


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!