Velocity Financial (VEL) Beats Q4 Earnings and Revenue Estimates

Velocity Financial (VEL) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of$ 0.47 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.66%. A quarter ago, it was expected that this company would post earnings of$ 0.47 per share when it actually produced earnings of $0.47, delivering no surprise.Over the last four quarters, the company has sur ...