LAS VEGAS (AP) _ Axos Financial (AX) on Thursday reported fiscal third-quarter profit of $61.8 million.

On a per-share basis, the Las Vegas-based company said it had profit of $1.02. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The bank holding company posted revenue of $189 million in the period. Its adjusted revenue was $178.3 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $177.2 million.

Axos Financial shares have fallen 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.36, a drop of 10% 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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