— OnDeck (NYSE: ONDK) reported an adjusted EPS of $0.10 per share in the third quarter of 2019 vs. $0.07 expected.
— GAAP earnings declined to $0.11 per share in the third quarter of 2019 from $0.12 per share in the year-ago period.
— Revenue increased 9% year-over-year to $112.6 million vs. $109.37 million expected.
— Total assets 12% from the year-ago quarter to $1.3 billion.
— OnDeck repurchased 3.2 million shares for $11.0 million under its $50 million common stock repurchase program.
— For fiscal 2019, OnDeck expects revenue to be between $442 million and $446 million, net income of $21 million to $25 million, and adjusted net income of $28 million to $32 million.
— OnDeck expects the current operating environment to extend into 2020; portfolio growth rate is expected to be consistent with 2019.
— ONDK shares edged up 0.28% to $3.63 yesterday.
The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is
The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with
The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax