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PennyMac Mortgage (PMT) Reports Q1 Loss, Lags Revenue Estimates

PennyMac Mortgage (PMT) came out with a quarterly loss of 0.01pershareversustheZacksConsensusEstimateof0.01 per share versus the Zacks Consensus Estimate of 0.38. This compares to earnings of 0.39pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof102.630.39 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -102.63%. A quarter ago, it was expected that this specialty finance company would post earnings of 0.38 per share when it actually produced earnings of $0.41, delivering a surprise of 7.89%. Over the last four quarters, the ...