PennyMac: 1Q Earnings Snapshot
WESTLAKE VILLAGE, Calif. (AP) _ PennyMac Financial Services Inc. (PFSI) on Thursday reported first-quarter earnings of $16.6 million.
On a per-share basis, the Westlake Village, California-based company said it had profit of 67 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The mortgage banking and investment management company posted revenue of $238.2 million in the period.
PennyMac shares have declined roughly 7 percent since the beginning of the year. The stock has increased 21 percent in the last 12 months._____
This story was generated by Automated Insights (http://automatedinsights.