ELEVATE CREDIT, INC. (ELVT) Tops Q2 EPS by 3c, Revenues Miss

ELEVATE CREDIT, INC. (NYSE: ELVT) reported Q2 EPS of $0.07, $0.03 better than the analyst estimate of $0.04. Revenue for the quarter came in at $184.4 million versus the consensus estimate of $185.11 million.

“Given the secular shift towards our more responsible online products, Elevate continues to deliver strong top-line growth greater than 20%, and we are now on track to more than quadruple net income for the year,” said Ken Rees, Chief Executive Office of Elevate. “We are seeing favorable trends in our key financial measures as credit quality improves, customer acquisition costs drop, and adjusted EBITDA margins expand over 2017 levels.”

For earnings history and earnings-related data on ELEVATE CREDIT, INC. (ELVT) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Outlook Therapeutics (OTLK) Misses Q3 EPS by 9c
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c