U.S. Markets open in 4 hrs 45 mins

PennyMac Mortgage posts 4Q profit

WESTLAKE VILLAGE, Calif. (AP) _ PennyMac Mortgage Investment Trust (PMT) on Thursday reported fourth-quarter net income of $34.6 million.

The Westlake Village, California-based company said it had net income of 50 cents per share. Earnings, adjusted for pretax gains, came to 32 cents per share.

The specialty finance company posted revenue of $93.7 million in the period.

For the year, the company reported profit of $117.7 million, or $1.48 per share. Revenue was reported as $317.9 million.

PennyMac Mortgage shares have declined slightly since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.01, a decline of nearly 4 percent in the last 12 months.

_____

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