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.”

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