logo
Plus   Neg
Share
Email

Nationstar Mortgage Reports Q2 Adj. Earnings Of $0.53 Per Share - Quick Facts

Nationstar Mortgage Holdings Inc. (NSM), which principally operates under the Mr. Cooper and Xome brands, reported second-quarter net income of $58 million or $0.59 per share.

On an adjusted basis, the company reported earnings for the quarter of $52 million or $0.53 per share.

Revenues for the latest quarter were $444 million.

On average, analysts polled by Thomson Reuters expect the company to earn $0.55 per share for the quarter on revenues of $449.3 million. Analysts' estimates typically exclude special items.

The Xome segment earned pretax income of $10 million or adjusted pretax income of $13 million.

The Originations segment earned pretax income of $32 million or adjusted pretax income of $33 million , an increase of 32 percent from the prior quarter primarily attributable to higher volume and reduced expenses.

The Servicing segment earned pretax income of $88 million or adjusted pretax income of $72 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chico's FAS Inc. (CHS) Tuesday reported a wider year-over-year net loss for the fourth quarter. Meanwhile, Kohl's Corp.'s (KSS) fourth-quarter net income grew 29 percent from the previous year. But Abercrombie & Fitch Co.'s (ANF) fourth-quarter net income decreased 1 percent from the prior year. The U.S. Food and Drug Administration has approved the marketing of a new robotically-assisted surgical device (RASD) that can facilitate transvaginal hysterectomy in certain patients using minimally-invasive surgical instruments. The Hominis Surgical System of Memic Innovative Surgery Ltd., the U.S. subsidiary of Israeli biotechnology company memic Ltd., has been granted marketing authorization. Canadian cannabis company Canopy Growth Corp. (CGC, WEED.TO) announced Tuesday the launch of its Cannabidiol (CBD) beverage brand Quatreau in the high-potential U.S. market. Quatreau will be sold on Canopy's one-stop U.S. e-commerce destination, www.shopcanopy.com. Quatreau is a premium ready-to-drink...
Follow RTT