UPDATE: Pennymac Financial Services (PFSI) Tops Q4 EPS by 10c, Revenues Beat
Pennymac Financial Services (NYSE: PFSI) reported Q4 EPS of $0.63, $0.10 better than the analyst estimate of $0.53. Revenue for the quarter came in at $251.2 million versus the consensus estimate of $236.92 million.
“Our results reflect solid performance in a volatile market environment during the fourth quarter,” said President and CEO David Spector. “PMT’s unique credit risk transfer investments, while somewhat impacted by credit spread widening, continued to deliver solid results and the returns on our Interest Rate Sensitive strategies reflect our disciplined focus on hedging through this period. Our correspondent production activities delivered strong volume growth as a result of our unique execution capabilities, driving continued growth in our CRT and MSR investment strategies.”
For earnings history and earnings-related data on Pennymac Financial Services (PFSI) click here.