Items Tagged with 'Earnings'


Lowe’s reports strong earnings in Q1

Beats Home Depot for first time in 10 years
Lowe’s came in with strong results in its latest quarter, which is no surprise considering its rival’s strong numbers. But for the first time in 10 years, it beat Home Depot in one area.
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PennyMac pretax income drops 61%

CEO: Mortgage banking sensitive to interest rate changes
PennyMac’s pretax income dropped significantly. However, the company CEO explains the reasons and says the company continues to see solid growth trends. Originations and unpaid principal balance both saw significant increases from last quarter.
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Freddie Mac CEO: Mortgage industry running better than ever

Recent net loss not the end of the economic world
This year Freddie Mac “survived” the stress test scenarios that imagine a crash larger than the subprime crisis. Those are just tests, but what about today's reality? Should we expect more losses from Freddie, despite the strength of the overall industry?
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Ellie Mae reports record 1Q revenue

Beats revenue and EPS expectations
Ellie Mae's first-quarter earnings results are in, and it looks good for the company. Not only did it beat revenue and EPS expectations, but it posted record revenue of $73.6 million.
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MGIC revenue decreases during 1Q

Force-placed insurance is up though
Despite gains in the fourth quarter of 2015 compared to that same period one year ago, MGIC saw losses in the first quarter of 2016. These losses are due, in part, to lower investment gains, loss from paying off debt and higher payment for income taxes.
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Walter Investment beats 4Q revenue expectations

The latest status of its originations segment
After coming up a lot in recent news, Walter Investment ended last year on the positive side of the ledger, beating expectations by $26.65 million. However, this new earnings release sheds some light on the state of the company's origination division, giving more background on the latest management shake up.
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