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Impac Mortgage: 1Q Earnings Snapshot

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported a first-quarter loss of $12.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Irvine, California-based company said it had a loss of 60 cents. Losses, adjusted for non-recurring costs, came to 28 cents per share.

The mortgage and warehouse lending company posted revenue of $10.4 million in the period.

The company's shares closed at $3.40. A year ago, they were trading at $8.63.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMH at https://www.zacks.com/ap/IMH