PennyMac shares soar after earnings beat estimates

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PennyMac shares soar after earnings beat estimates

By Cage Englander / Friday, February 7th, 2020 / Comments Off on PennyMac shares soar after earnings beat estimates

Westlake Village-based PennyMac Loan Services reported strong 2019 fourth quarter earnings Feb. 6, bumping PennyMac Financial Services shares up 8.2 percent as of noon Feb. 7. PennyMac Financial Services reported quarterly earnings of $1.88 per share, surpassing the Zacks consensus estimate of $1.57. It had net income of $152.7 million, up 25.6 percent from the…

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