PennyMac Mortgage: Q3 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 04:37 PM ET
Last Updated - Dec 16, 2024, 06:06 PM EST
WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — PennyMac Mortgage Investment Trust (PMT) on Tuesday reported third-quarter earnings of $41.4 million.
On a per-share basis, the Westlake Village, California-based company said it had net income of 36 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The specialty finance company posted revenue of $80.9 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $93.8 million.
