Benzinga | Jul 27, 2020 05:15PM EDT

Recap: OneMain Holdings Q2 Earnings

Shares of OneMain Holdings (NYSE:OMF) rose 1.29% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 50.62% over the past year to $0.80, which beat the estimate of $0.22.

Revenue of $806,000,000 up by 5.77% year over year, which beat the estimate of $773,290,000.

Looking Ahead

OneMain Holdings hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $48.92

Company's 52-week low was at $12.21

Price action over last quarter: Up 10.84%

Company Overview

OneMain Holdings is a consumer finance company and one of the few that operate on a national scale in the United States. The company's services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's segments include consumer and insurance, acquisitions and servicing, and real estate. OMH was formed when a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. In addition to hundreds of branches, the company also has a significant online business. Net interest income is the company's main source of revenue.