Oportun Financial Shares Higher After Rise in 1Q Revenue
Oportun Financial Shares Higher After Rise in 1Q Revenue
DJ Oportun Financial Shares Higher After Rise in 1Q Revenue
By Stephen Nakrosis
Oportun Financial Corp. shares were trading higher on Nasdaq on Friday, a day after the company released first-quarter results that showed higher revenue but also the company swinging to a loss.
At 1:04 p.m. EDT, the company's shares had gained 16% to trade at $6.99. Volume topped 268,000 shares, above the 65-day average volume of 160,156.
After the bell Thursday, the company reported a first-quarter net loss of $13.3 million, or 49 cents a share, on revenue of $163.4 million. In the year-ago period, the company reported net income of $14.6 million, or 51 cents a share, on revenue of $138.3 million.
It reported an adjusted loss of 4 cents a share for the recent quarter.
The company said the decreases in net income and adjusted net income reflect a reduction in the fair value of its loan portfolio in the first quarter as a result of the macro-economic changes associated with the Covid-19 pandemic and higher interest rates and credit spreads compared with the prior-year quarter.
Shares of the company, which provides loans through a proprietary lending platform, are down more than 71% year to date.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 15, 2020 13:40 ET (17:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Oportun Financial Shares Higher After Rise in 1Q Revenue
DJ 奧波頓金融在第一季度收入上升後股價走高
By Stephen Nakrosis
斯蒂芬·納克羅西斯
Oportun Financial Corp. shares were trading higher on Nasdaq on Friday, a day after the company released first-quarter results that showed higher revenue but also the company swinging to a loss.
週五，Oportun Financial Corp. 股票在納斯達克上漲，這是該公司發布第一季度業績的第一季度業績，顯示出較高的收入，但該公司也因虧損而在納斯達克上漲。
At 1:04 p.m. EDT, the company's shares had gained 16% to trade at $6.99. Volume topped 268,000 shares, above the 65-day average volume of 160,156.
美國東部時間下午 1:04，該公司的股價上漲了 16％，交易價為 6.99 美元。成交量突破 268,000 股，高於 65 日平均交易量 16 萬，56 宗。
After the bell Thursday, the company reported a first-quarter net loss of $13.3 million, or 49 cents a share, on revenue of $163.4 million. In the year-ago period, the company reported net income of $14.6 million, or 51 cents a share, on revenue of $138.3 million.
週四鐘聲結束後，該公司報告第一季度淨虧損為 1,300 萬美元，即每股 49 美分，收入為 1634 億美元。去年同期，該公司報告的淨收入為 14.6 百萬美元，或每股 51 美分，收入為 1.83 億美元。
It reported an adjusted loss of 4 cents a share for the recent quarter.
該報告最近一季度的經調整虧損為每股 4 美分。
The company said the decreases in net income and adjusted net income reflect a reduction in the fair value of its loan portfolio in the first quarter as a result of the macro-economic changes associated with the Covid-19 pandemic and higher interest rates and credit spreads compared with the prior-year quarter.
該公司表示，淨收入和調整後淨收入的減少反映了第一季度貸款組合的公允價值下降，這是由於 Covid-19 大流行相關的宏觀經濟變化以及與上一年季度相比更高的利率和信用利差更高。
Shares of the company, which provides loans through a proprietary lending platform, are down more than 71% year to date.
該公司的股票通過專有貸款平台提供貸款，迄今為止下降了 71％ 以上。
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
寫信給斯蒂芬·納克羅斯 stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
(完) 道瓊斯通訊社
May 15, 2020 13:40 ET (17:40 GMT)
2020 年 5 月 15 日凌晨 13 時 40 分（格林威治標準時間 17:40）
Copyright (c) 2020 Dow Jones & Company, Inc.
版權所有 (c) 2020 道瓊斯公司
譯文內容由第三人軟體翻譯。
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