Home Point Capital: Q1 Earnings Snapshot

ANN ARBOR, Mich. (AP) _ Home Point Capital Inc. (HMPT) on Thursday reported first-quarter net income of $11.9 million.

The Ann Arbor, Michigan-based company said it had net income of 8 cents per share. Losses, adjusted for non-recurring gains, came to 30 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The mortgage originator and servicer posted revenue of $158.2 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $135.4 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMPT at https://www.zacks.com/ap/HMPT

Categories: Business News