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
South Korea's Hyundai Motor Co. announced its decision to suspend production at its Asan plant for two days starting on Monday due to a chip shortage amid the pandemic crisis, Reuters reported. The company is experiencing trouble in supply conditions for semiconductor parts for powertrain control units. The Asan factory manufactures 300,000 vehicles, including the Sonata and Grandeur sedans, each The U.S. Department of Health and Human Services is set to expand its Health Center COVID-19 Vaccine Program to include all HRSA-funded health centers. This will increase the total number of health centers that have been invited to join the program to 1,470 nationwide from the earlier 950. McDonald's Corp. is planning to hire 25,000 workers in its restaurants across Texas in April, reports said. In a three-day event from April 13 to 15, the fast-food chain is expected to hire for crew and management positions. During these hiring days, participating McDonald's restaurants in the state will be accepting applications and interviewing job seekers.
Follow RTT