OneMain meets 4Q profit forecasts

EVANSVILLE, Ind. (AP) _ OneMain Holdings Inc. (OMF) on Monday reported fourth-quarter net income of $27 million, after reporting a loss in the same period a year earlier.

The Evansville, Indiana-based company said it had profit of 20 cents per share. Earnings, adjusted for non-recurring costs, came to 80 cents per share.

The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share.

The consumer finance company posted revenue of $915 million in the period. Its adjusted revenue was $567 million, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $653.1 million.

For the year, the company reported net income of $215 million, or $1.59 per share, swinging to a profit in the period. Revenue was reported as $2.25 billion.

OneMain shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.41, a rise of 29 percent in the last 12 months.


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Keywords: OneMain Holdings, Earnings Report