Home Point Capital: Q3 Earnings Snapshot

ANN ARBOR, Mich. (AP) _ Home Point Capital Inc. (HMPT) on Thursday reported third-quarter net income of $71.2 million.

On a per-share basis, the Ann Arbor, Michigan-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring gains, came to 11 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The mortgage originator and servicer posted revenue of $274.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $182.8 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