LAS VEGAS (AP) _ Axos Financial (AX) on Thursday reported fiscal first-quarter profit of $60.2 million.

On a per-share basis, the Las Vegas-based company said it had net income of 99 cents. Earnings, adjusted for non-recurring costs, were $1.03 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The bank holding company posted revenue of $185 million in the period. Its adjusted revenue was $173.3 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $164.9 million.

Axos Financial shares have climbed 39% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $52.11, more than doubling 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 AX at https://www.zacks.com/ap/AX

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