Stock Track | UWM Holdings Plunges 9.88% on Disappointing Q4 Results, Missing Revenue and Earnings Estimates

Stock Track

02-26

UWM Holdings Corporation (UWMC) stock experienced a significant plummet in the pre-market trading session on Wednesday, tumbling 9.88% after the company reported disappointing financial results for the fourth quarter of 2024.

The mortgage lender's Q4 sales came in at $560.2 million, missing the analyst consensus estimate of $625.08 million by approximately 10%. Additionally, UWM Holdings' adjusted net income for the quarter was only $33.04 million, significantly lower than the estimated $101.1 million.

The company's weaker-than-expected revenue and earnings figures were the primary factors driving the sharp decline in its stock price. UWM Holdings reported an earnings per share (EPS) of $0.02 for Q4, falling short of the FactSet estimate of $0.11.

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UWM Holdings reported an earnings per share (EPS) of $0.02 for Q4, falling short of the FactSet estimate of $0.11.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UWMC","symbol_name":"UWM Holdings Corporation","start_time":0,"source_url":"","article_id":"1136247457","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136247457","pubTimestamp":1740581211,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"UWM Holdings Corporation  stock experienced a significant plummet in the pre-market trading session on Wednesday, tumbling 9.88% after the company reported disappointing financial results for the fourth quarter of 2024.The mortgage lender's Q4 sales came in at $560.2 million, missing the analyst consensus estimate of $625.08 million by approximately 10%. 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