Q: Please comment on earnings.
5i Research Answer:
EPS $3.83 matched estimates; revenue of $357.1M beat estimates of $347.9M. EBITDA of $147.1M missed estimates by 3.2%. Revenue rose 24%. EPS also rose 24%. Originations rose 12%. Applications rose 41%. Charge offs remain acceptable at 9.1%, allowance for losses rose slightly to 7.38% from 7.28%. Guidance calls for the year to be 'at the high end of prior forecasts'. Return on equity rose to 24.6% from 23.9%. Not a blow out quarter, but certainly acceptable.