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PennyMac Mortgage (PMT) Reports Q2 Loss, Misses Revenue Estimates

PennyMac Mortgage (PMT) came out with a quarterly loss of 0.04pershareversustheZacksConsensusEstimateof0.04 per share versus the Zacks Consensus Estimate of 0.35. This compares to earnings of 0.17pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof111.430.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -111.43%. A quarter ago, it was expected that this specialty finance company would post earnings of 0.38 per share when it actually produced a loss of $0.01, delivering a surprise of -102.63%.Over the last four quarters, the c ...