Walter Investment Management (WAC) Reports Q2 Loss of $2.58/Share
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Walter Investment Management Corp. Announces Second Quarter 2017 Highlights And Financial Results
August 9, 2017 4:23 PM EDTFORT WASHINGTON, Pa., Aug. 9, 2017 /PRNewswire/ -- Walter Investment Management Corp. (NYSE: WAC.BC) today announced GAAP net loss for the quarter ended June 30, 2017 of $94.3 million, or $2.58 per share, as compared to a GAAP net loss of $490.0 million, or $13.68 per share for the quarter ended June 30, 2016. The current quarter net loss included a non-cash fair value charge of $45.1 million due to changes in valuation inputs and other assumptions. Adjusted Loss was $19.8 million and Adjusted EBITDA ("AEBITDA") was $61.3 million in the current quarter as compared to Adjusted Loss of $4.8 million and AEBITDA of $98.8 million in the prior year... More
