Enova International, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 01, 2019 at 02:46 am IST
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Enova International, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company announced revenue of $312,596,000 compared to $243,696,000 a year ago. Income from operations was $40,469,000 compared to $33,462,000 a year ago. Net income was $8,671,000 compared to $6,883,000 a year ago. Basic and diluted earnings per share was $0.25 compared to diluted earnings per share of $0.20 a year ago.
For the year, the company announced revenue of $1,114,074,000 compared to $843,741,000 a year ago. Income from operations was $183,072,000 compared to $134,414,000 a year ago. Net income was $70,098,000 compared to $29,240,000 a year ago. Basic earnings per share was $2.06 compared to $0.87 a year ago. Diluted earnings per share was $1.99 compared to $0.86 a year ago.
Enova International, Inc. is a technology and analytics company, which is focused on providing online financial services. The Company offers or arranges loans or draws on lines of credit to consumers in 37 states in the United States and Brazil. It also offers financing to small businesses in 49 states and Washington D.C. in the United States. Its customers include small businesses which have bank accounts but use alternative financial services because of their limited access to more traditional credit from banks, credit card companies and other lenders. The Companyâs products and services include consumer installment loans; small business installment loans; consumer line of credit accounts; small business line of credit accounts; CSO program, and bank programs. It markets its financing products under the names CashNetUSA at www.cashnetusa.com, NetCredit at www.netcredit.com, OnDeck at www.ondeck.com, Headway Capital at www.headwaycapital.com and Pangea at www.pangeamoneytransfer.com.
ENOVA INTERNATIONAL, INC. 
