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Walter Investment reports 4Q loss

TAMPA, Fla. (AP) _ Walter Investment Management Corp. (WAC) on Tuesday reported a loss of $22.2 million in its fourth quarter.

The Tampa, Florida-based company said it had a loss of 61 cents per share. Losses, adjusted for one-time gains and costs, were $1.10 per share.

The loan-servicing company posted revenue of $444.1 million in the period.

For the year, the company reported that its loss widened to $529.2 million, or $14.71 per share. Revenue was reported as $995.7 million.

The company's shares closed at $2.70. A year ago, they were trading at $7.14.


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


Keywords: Walter Investment Management, Earnings Report