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Impac Mortgage: 3Q Earnings Snapshot

·1 min read

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Thursday reported third-quarter net income of $1.6 million.

The Irvine, California-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 21 cents per share.

The mortgage and warehouse lending company posted revenue of $19.5 million in the period.

In the final minutes of trading on Thursday, the company's shares hit $1.78. A year ago, they were trading at $7.61.

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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