PennyMac beats third quarter earnings estimates

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PennyMac beats third quarter earnings estimates

By Staff Report / Friday, November 2nd, 2018 / Comments Off on PennyMac beats third quarter earnings estimates

PennyMac Financial Services, a mortgage lender based in Westlake Village, reported revenue of $250.9 million and net income of $56.2 million for its third quarter on Nov. 1. Net income for common stockholders was $14.5 million, or 57 cents per diluted share. The results beat Wall Street predictions, and earnings per share exceeded expectations of…

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