PHH Corp. (PHH) Reports Q3 Loss Per Share of 61c
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PHH Corporation Announces Third Quarter 2015 Results
November 4, 2015 4:16 PM EST3Q15 Highlights:
Net loss attributable to PHH Corporation of $50 million or $0.84 per basic share, which includes a $44 million pre-tax provision for legal and regulatory reserves. Our Board of Directors has extended the authorization for up to $250 million in open market share repurchases through December 31, 2016. We intend to commence up to $100 million of open market share repurchases effective at the next available securities purchase window. Realized $28 million of operating benefits in 3Q15 compared to 3Q14 from our re-engineering activities, representing approximately 50% of our target annualized operating... More