Axos Financial: Fiscal Q4 Earnings Snapshot

LAS VEGAS (AP) — LAS VEGAS (AP) — Axos Financial (AX) on Tuesday reported fiscal fourth-quarter profit of $104.9 million.

The Las Vegas-based company said it had profit of $1.80 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.83 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The bank holding company posted revenue of $484.3 million in the period. Its adjusted revenue was $290.9 million, missing Street forecasts. Five analysts surveyed by Zacks expected $296 million.

For the year, the company reported profit of $450 million, or $7.66 per share. Revenue was reported as $1.18 billion.

Axos Financial shares have risen 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $77.61, an increase of 65% in the last 12 months.

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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