PennyMac Mortgage (PMT) Q3 Earnings and Revenues Miss Estimates

PennyMac Mortgage (PMT) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.34 per share when it actually produced earnings of $0.17, delivering a surprise of -50%.Over the last four quart ...