WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — PennyMac Financial Services Inc. (PFSI) on Tuesday reported first-quarter profit of $76.3 million.
On a per-share basis, the Westlake Village, California-based company said it had net income of $1.42.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share.
The mortgage banking and investment management company posted revenue of $430.9 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $538 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 PFSI at https://www.zacks.com/ap/PFSI
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