Categories Earnings, Finance

OnDeck (ONDK) Q3 2019 Earnings Snapshot

— 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.

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