EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported second-quarter profit of $89 million.
On a per-share basis, the Evansville, Indiana-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, came to 80 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The consumer finance company posted revenue of $1.08 billion in the period. Its adjusted revenue was $806 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $771.6 million.
OneMain shares have decreased 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.46, a drop of 28% 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 OMF at https://www.zacks.com/ap/OMF
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