Shares of UWM Holdings Corporation (NYSE:UWMC) plunged over 5% in early trading on Wednesday after the company reported disappointing third-quarter results that missed analysts' expectations.
For the quarter ended September 30, 2024, the mortgage lender reported adjusted earnings per share of just $0.01, missing the consensus estimate of $0.08 by a wide margin. Revenue also fell short, coming in at $526.43 million compared to the expected $584.52 million, reflecting a 22.25% year-over-year decline.
The significant earnings and revenue misses raised concerns among investors about UWM's profitability and growth prospects, leading to a sell-off in the stock. The company's shares have now fallen over 20% year-to-date amid challenging conditions in the housing and mortgage markets.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。