Home Point Capital: Q2 Earnings Snapshot

ANN ARBOR, Mich. (AP) _ Home Point Capital Inc. (HMPT) on Tuesday reported a loss of $73.2 million in its second quarter.

On a per-share basis, the Ann Arbor, Michigan-based company said it had a loss of 52 cents. Losses, adjusted for non-recurring costs, were 36 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The mortgage originator and servicer posted revenue of $84.4 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $199.6 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