Velocity Financial, Inc. Announces Second Quarter 2020 Results

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Velocity Financial Inc. (VEL) Misses Q2 EPS by 4c, Revenues Miss

August 12, 2020 4:20 PM EDT

Velocity Financial Inc. (NYSE: VEL) reported Q2 EPS of $0.17, $0.04 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $13.53 million versus the consensus estimate of $18.2 million.

In light of the unprecedented environment we faced, I am pleased with our second quarter... More