Axos Financial: Fiscal Q1 Earnings Snapshot

LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Thursday reported fiscal first-quarter net income of $129.6 million.

The Las Vegas-based company said it had net income of $2.25 per share. Earnings, adjusted for one-time gains and costs, were $2.34 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The bank holding company posted revenue of $580.9 million in the period. Its adjusted revenue was $395.1 million, also beating Street forecasts. Six analysts surveyed by Zacks expected $386.1 million.

Axos Financial shares have risen slightly more than 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $92.48, an increase of 17% 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