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OneMain: Q1 Earnings Snapshot

By Ap News - Apr 30, 2024, 06:54 AM ET

Last Updated - Apr 30, 2024, 06:54 AM EDT

EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — OneMain Holdings Inc. (OMF) on Tuesday reported first-quarter net income of $155 million.

The Evansville, Indiana-based company said it had profit of $1.29 per share. Earnings, adjusted for non-recurring costs, were $1.45 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The consumer finance company posted revenue of $1.17 billion in the period. Its adjusted revenue was $896 million, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $907.9 million.

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