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PennyMac Financial Services' profit sags but beats analyst estimates

PennyMac Financial Services' profit sags but beats analyst estimates

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PennyMac Financial Services' profit sags but beats analyst estimates
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PennyMac Financial Services' profit sags but beats analyst estimates
PennyMac Financial Services' profit sags but beats analyst estimates
PennyMac Financial Services' profit sags but beats analyst estimates
PennyMac Financial Services' profit sags but beats analyst estimates
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Servicing income, certain secondary market gains, layoffs and other cost-cutting did more to offset the impact of the marketwide originations slump at PennyMac Financial Services than analysts expected, but its second-quarter earnings still fell relative to comparable prior periods.The company earned $129.2 million between April and June, down from $173.6 million in the prior quarter and $204 million a year earlier. Its $2.28 in diluted earnings per share generally outperformed analyst estimate...
Servicing income, certain secondary market gains, layoffs and other cost-cutting did more to offset the impact of the marketwide originations slump at PennyMac Financial Services than analysts expected, but its second-quarter earnings still fell relative to comparable prior periods.The company earned $129.2 million between April and June, down from $173.6 million in the prior quarter and $204 million a year earlier. Its $2.28 in diluted earnings per share generally outperformed analyst estimate...
New home sales beats estimates, but what does it mean?
New home sales beats estimates, but what does it mean?
New home sales beats estimates, but what does it mean?
New home sales beats estimates, but what does it mean?
housingwire housingwire | 1 year ago
Overall, the new homes sales was a shocking report, not only as a headline beat, but with positive revisions on sales. The post New home sales beats estimates, but what does it mean? appeared first on HousingWire.
Overall, the new homes sales was a shocking report, not only as a headline beat, but with positive revisions on sales. The post New home sales beats estimates, but what does it mean? appeared first on HousingWire.
Vistry beats first half profit expectations
Vistry beats first half profit expectations
Vistry beats first half profit expectations
Vistry beats first half profit expectations
Construction news, jobs and co... Construction news, j... | 1 year ago
Adjusted pre-tax profit rose by 14% to £190m in the first six months of this year. Although after taking account of already announced additional fire safety provisions of £71m, statutory pre-tax profit fell to £111m from £156m a year ago. First half revenue was stable at £1.3bn with completions up 5% to 5,409. Chief executive Greg Fitzgerald said: “The group has delivered an excellent performance in the first half, significantly exceeding our expectations at the start of the year.  ?...
Adjusted pre-tax profit rose by 14% to £190m in the first six months of this year. Although after taking account of already announced additional fire safety provisions of £71m, statutory pre-tax profit fell to £111m from £156m a year ago. First half revenue was stable at £1.3bn with completions up 5% to 5,409. Chief executive Greg Fitzgerald said: “The group has delivered an excellent performance in the first half, significantly exceeding our expectations at the start of the year.  ?...
Fluor beats revenues estimates, misses on EPS
Fluor beats revenues estimates, misses on EPS
Fluor beats revenues estimates, misses on EPS
Fluor beats revenues estimates, misses on EPS
constructiondive constructiondive | 1 year ago
Dive Brief: Fluor announced Friday it earned $22 million, or $0.08 per diluted share, in the third quarter of 2022, compared to a gain of $41 million in the same period last year. Excluding adjustments, analysts were expecting earnings of $0.42 per diluted share, according to stock analysis site Seeking Alpha.  The Irving, Texas-based company reported its revenue rose to $3.6 billion from $3.5 billion a year ago, about a 3% increase, and slightly more than analysts' expectations of $3.58 billi...
Dive Brief: Fluor announced Friday it earned $22 million, or $0.08 per diluted share, in the third quarter of 2022, compared to a gain of $41 million in the same period last year. Excluding adjustments, analysts were expecting earnings of $0.42 per diluted share, according to stock analysis site Seeking Alpha.  The Irving, Texas-based company reported its revenue rose to $3.6 billion from $3.5 billion a year ago, about a 3% increase, and slightly more than analysts' expectations of $3.58 billi...
Pennymac Financial cuts another 32 jobs in California
Pennymac Financial cuts another 32 jobs in California
Pennymac Financial cuts another 32 jobs in California
Pennymac Financial cuts another 32 jobs in California
housingwire housingwire | 1 year ago
Pennymac Financial laid off another 32 employees, all based in California, ahead of its Aug. 2 earnings call. The post Pennymac Financial cuts another 32 jobs in California appeared first on HousingWire.
Pennymac Financial laid off another 32 employees, all based in California, ahead of its Aug. 2 earnings call. The post Pennymac Financial cuts another 32 jobs in California appeared first on HousingWire.
eConveyancer launches partnership with Wesleyan Financial Services
eConveyancer launches partnership with Wesleyan Financial Services
eConveyancer launches partnership with Wesleyan Financial Services
eConveyancer launches partnership with Wesleyan Financial Services
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
The agreement will provide Wesleyan advisers access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms through its platform. Features available with eConveyancer include DigitalMove and Rapid Remortgage. eConveyancer also supports multiple languages, which enables customers to access important documentation in the language that best suits them. if ($(window).width()
The agreement will provide Wesleyan advisers access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms through its platform. Features available with eConveyancer include DigitalMove and Rapid Remortgage. eConveyancer also supports multiple languages, which enables customers to access important documentation in the language that best suits them. if ($(window).width()
Financial Services Firm Renews Uptown Dallas Lease
Financial Services Firm Renews Uptown Dallas Lease
Financial Services Firm Renews Uptown Dallas Lease
Financial Services Firm Renews Uptown Dallas Lease
commercialsearch commercialsearch | 1 year ago
Stream Realty Partners and CBRE arranged the transaction. The post Financial Services Firm Renews Uptown Dallas Lease appeared first on Commercial Property Executive.
Stream Realty Partners and CBRE arranged the transaction. The post Financial Services Firm Renews Uptown Dallas Lease appeared first on Commercial Property Executive.
Blog: Apple’s advances in financial services is no surprise
Blog: Apple’s advances in financial services is no surprise
Blog: Apple’s advances in financial services is no surprise
Blog: Apple’s advances in financial services is no surprise
The voice of the UK mortgage i... The voice of the UK ... | 1 year ago
So why is a hardware and software provider moving into the Buy Now, Pay Later (BNPL) market? The iPhone is currently Apple’s main driver for growth in sales, profits, and share price and this doesn’t look likely to change any time soon. It was the main reason why the Cupertino operation became the first $1trn firm in history and its steady approach to annual smartphone updates still seems to work with consumers.  That said, Apple’s largest source of gro...
So why is a hardware and software provider moving into the Buy Now, Pay Later (BNPL) market? The iPhone is currently Apple’s main driver for growth in sales, profits, and share price and this doesn’t look likely to change any time soon. It was the main reason why the Cupertino operation became the first $1trn firm in history and its steady approach to annual smartphone updates still seems to work with consumers.  That said, Apple’s largest source of gro...
China's property sector is getting better but hasn't 'permanently turned a corner,' says analyst
China's property sector is getting better but hasn't 'permanently turned a corner,' says analyst
China's property sector is getting better but hasn't 'permanently turned a corner,' says analyst
China's property sector is getting better but hasn't 'permanently turned a corner,' says analyst
cnbc cnbc | 2 years ago
Charlene Chu of Autonomous Research discusses the state of China's real estate sector.
Charlene Chu of Autonomous Research discusses the state of China's real estate sector.
Phoenix-based financial services firm to exit mortgage business, focus on insurance
Phoenix-based financial services firm to exit mortgage business, focus on insurance
Phoenix-based financial services firm to exit mortgage business, focus on insurance
Phoenix-based financial services firm to exit mortgage business, focus on insurance
bizjournals bizjournals | 1 year ago
Suburban Mortgage's decision to exit the mortgage business comes on the heels of other mortgage lender layoffs throughout the Valley. It will focus on insurance moving forward.
Suburban Mortgage's decision to exit the mortgage business comes on the heels of other mortgage lender layoffs throughout the Valley. It will focus on insurance moving forward.