Axos Financial Reports Strong Q2 Earnings, Exceeding Wall Street Expectations
Las Vegas, Nevada - Axos Financial (AX) reported a net income of $104.7 million for the fiscal second quarter. This translates to $1.80 per share, or $1.82 per share on an adjusted basis, surpassing analysts' estimates.
Adjusted revenue for the quarter reached $307.9 million, exceeding expectations of $303.6 million. Overall revenue stood at $483.9 million.
Axos Financial's performance has been impressive, with shares climbing nearly 4% year-to-date. As of Tuesday's trading close, AX shares were valued at $72.40, representing a 27% increase over the past year.
The company's positive results reflect its strong financial position and the success of its growth strategies.