COPPELL, Texas (AP) — COPPELL, Texas (AP) — Mr. Cooper Group Inc. (COOP) on Wednesday reported first-quarter net income of $88 million.
The Coppell, Texas-based company said it had net income of $1.35 per share. Earnings, adjusted for non-recurring costs, came to $2.97 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share.
The reinsurance company posted revenue of $560 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $612.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COOP at https://www.zacks.com/ap/COOP
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