PennyMac Financial Services Swings to Q4 Earnings, Revenue Rises

MT Newswires Live

01-31

PennyMac Financial Services (PFSI) reported late Thursday its Q4 swung to earnings of $1.95 per diluted share from a loss of $0.74 a year earlier.

Analysts polled by FactSet expected earnings of $3.12 per share.

Revenue for the quarter ended Dec. 31 was $470.1 million, up from $361.9 million.

Analysts surveyed by FactSet expected revenue of $526 million.

The company kept its quarterly dividend at $0.30 a share, payable Feb. 23 to stockholders of record Feb. 13.

Shares of PennyMac were down 4.2% in recent after-hours activity.

Price: 109.99, Change: -4.83, Percent Change: -4.21

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