Nationstar Mortgage Holdings Inc. (NSM) reported first-quarter net income of $62.6 million or $0.70 per share, compared to $50.2 million or $0.67 per share, last year. Pro forma profit per share was $0.85, after adjusting for $22 million in platform ramp expenses specifically related to the previously announced acquisition of $215 billion in servicing unpaid principal balance from Bank of America.
Nationstar's revenue grew to $431.1 million from $164.1 million last year.
The company expects fiscal 2013 profit per share in the range of $4.05-$4.75, and fiscal 2014 profit per share in the range of $6.45-$7.50.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.