Redwood Trust (RWT) Tops Q1 EPS by 16c
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Redwood Trust Reports First Quarter 2016 Results
May 5, 2016 4:21 PM EDTMILL VALLEY, Calif., May 5, 2016 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today reported net income for the first quarter of 2016 of $12 million, or $0.15 per fully diluted share. This compares to net income of $41 million, or $0.46 per fully diluted share, for the fourth quarter of 2015 and net income of $15 million, or $0.16 per fully diluted share, for the first quarter of 2015. Redwood also reported non-GAAP core earnings for the first quarter of 2016 of $37 million, or $0.44 per fully diluted share. This compares to core earnings of $40 million, or $0.45 per fully diluted share, for the... More
