Oportun Financial Shares Higher After Rise in 1Q Revenue

Oportun Financial股价在第一季度收入上升后走高

2020/05/16 01:40  道琼斯

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股价在第一季度收入上升后走高



作者:斯蒂芬·纳克西



周五,Oportun Financial Corp.的股价在纳斯达克(Nasdaq)交易走高,此前一天,该公司公布了第一季度业绩,显示收入增加,但也出现了亏损。

下午1:04美国东部夏令时,该公司股价上涨16%,交易价格为6.99美元。成交量超过26.8万股,高于160156股的65天平均成交量。

周四开盘后,该公司公布第一季度净亏损1330万美元,合每股亏损49美分,营收为1.634亿美元。去年同期,该公司公布净收入为1460万美元,合每股51美分,营收为1.383亿美元。

该公司报告最近一个季度调整后每股亏损4美分。

该公司表示,净收入和调整后的净收入的下降反映了第一季度贷款组合的公允价值减少,原因是与冠状病毒大流行相关的宏观经济变化,以及与去年同期相比更高的利率和信贷利差。

该公司通过自营贷款平台提供贷款,其股价今年迄今已下跌逾71%。



写信给斯蒂芬·纳克希尔斯,电子邮件:stehen.naksim@wsj.com



(完)道琼斯通讯社

2020年5月15日美国东部时间13:40(格林尼治标准时间17:40)

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