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.
by RTTNews Staff Writer
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