OneMain Holdings misses by $0.16, reports revs in-line
- Reports Q4 (Dec) earnings of $0.89 per share, excluding non-recurring items, $0.16 worse than the Capital IQ Consensus of $1.05; revenues rose 11.9% year/year to $799 mln vs the $798.7 mln Capital IQ Consensus.
- Yield was 23.8% in the fourth quarter of 2017, down from 24.3% in the prior year quarter, primarily reflecting the impact of a larger proportion of Direct Auto loans in the portfolio, which carry lower average interest rates but higher expected unit profitability.
- Provision for loan losses was $245 million in the fourth quarter of 2017, up from $242 million in the prior year quarter.
No comments:
Post a Comment