Enova International, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 02:46 am IST
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Enova International, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced operating income was USD 59.582 million compared to USD 41.233 million a year ago. Net loss was USD 50.553 million compared to net income of USD 8.671 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 0.29 a year ago. Basic loss per share was USD 1.51 compared to basic earnings per share of USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.28 a year ago. For the full year, operating income was USD 248.210 million compared to USD 175.546 million a year ago. Net income was USD 36.612 million compared to USD 70.098 million a year ago. Basic earnings per share from continuing operations was USD 3.8 compared to USD 1.87 a year ago. Basic earnings per share was USD 1.09 compared to USD 2.06 a year ago. Diluted earnings per share from continuing operations was USD 3.72 compared to USD 1.81 a year ago. Diluted earnings per share was USD 1.06 compared to USD 1.99 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. 
