WESTLAKE VILLAGE, Calif. (AP) _ PennyMac Mortgage Investment Trust (PMT) on Thursday reported fourth-quarter net income of $4.7 million.
The Westlake Village, California-based company said it had profit of 7 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The specialty finance company posted revenue of $49.4 million in the period.
For the year, the company reported a loss of $73.3 million, or $1.26 per share. Revenue was reported as $303.8 million.
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