PHH Corp. (PHH) Reports Q2 Loss of $1.11/Share
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PHH Corporation Announces Second Quarter 2018 Results
August 3, 2018 4:15 PM EDTProvides Update on Proposed Merger with Ocwen Financial Corporation
Highlights:
Net loss attributable to PHH Corporation of $35 million, or $1.07 per basic share. Net loss from continuing operations was $37 million or $1.11 per basic share, which includes $4 million of unfavorable pre-tax notable items. Ended the second quarter of 2018 with cash and cash equivalents of $453 million and total PHH Corporation stockholders equity of $489 million. Our stockholders approved the proposed merger with Ocwen on June 11, 2018. Continued to make progress in... More