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Enova International revises '16 outlook

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Enova International revises '16 outlook

EnovaInternational Inc. updated its 2016 guidance, saying it now expectstotal revenue of $680 million to $730 million and adjusted EBITDA of $125million to $140 million for full-year 2016.

The company previously projected total revenue of $675 million to $725 millionand adjusted EBITDA of $120 million to $140 million for the year.

For the second quarter, Enova expects total revenue of $155million to $170 million and adjusted EBITDA of $23 million to $33 million.

The company reported net income of $9.9 million, or 30 centsper common share, for the first quarter, compared with $24.5 million, or 74cents per common share, in the year-ago period. Adjusted earnings were $10.3million, or 31 cents per share, compared with $26.2 million, or 79 cents pershare, in the prior-year quarter, according to an April 28 news release.