Axos Financial Inc (AX)

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Bofi meets 4Q profit forecasts

SAN DIEGO (AP) _ BofI Holding Inc. (BOFI) on Tuesday reported fiscal fourth-quarter net income of $29.7 million.

The bank, based in San Diego, said it had earnings of 46 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.

The bank holding company posted revenue of $86.2 million in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $79.8 million.

For the year, the company reported profit of $119 million, or $1.85 per share. Revenue was reported as $327.4 million.

Bofi shares have dropped 27 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.34, a decline of 51 percent in the last 12 months.

Source: CNBC

http://www.cnbc.com/2016/08/02/the-associated-press-bofi-meets-4q-profit-forecasts.html