LoanDepot: Q1 Earnings Snapshot
In this article:
FOOTHILL RANCH, Calif. (AP) — FOOTHILL RANCH, Calif. (AP) — LoanDepot Inc. (LDI) on Tuesday reported a loss of $42.9 million in its first quarter.
The Foothill Ranch, California-based company said it had a loss of 25 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The lender posted revenue of $207.9 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $173.4 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LDI at https://www.zacks.com/ap/LDI
