— 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.
Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to
Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming
The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related