PennyMac Mortgage: Q4 Earnings Snapshot

Associated Press Finance
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WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — PennyMac Mortgage Investment Trust (PMT) on Thursday reported fourth-quarter net income of $52.9 million.

On a per-share basis, the Westlake Village, California-based company said it had profit of 44 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The specialty finance company posted revenue of $84.8 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $88.7 million.

For the year, the company reported profit of $199.7 million, or $1.63 per share. Revenue was reported as $429 million.

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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 PMT at https://www.zacks.com/ap/PMT

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