Regional Management Corp. Announces Third Quarter 2018 Results

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Regional Managment Corp (RM) Tops Q3 EPS by 2c, Revenues Miss

November 8, 2018 4:49 PM EST

Regional Managment Corp (NYSE: RM) reported Q3 EPS of $0.85, $0.02 better than the analyst estimate of $0.83. Revenue for the quarter came in at $77.9 million versus the consensus estimate of $78.34 million.

Net income for the third quarter of 2018 was $7.4 million, an increase of 40.3% from the prior-year period, while non-GAAP net income was $10.3 million, an increase of 50.8% from the prior-year period. Non-GAAP net income for the third quarter of 2018 excludes an estimated $2.9 million of impact related to Hurricane Florence, while non-GAAP net income for the prior-year period excludes an estimated $2.2 million of impact related to... More