Why Mr. Cooper Group Stock Sank While the Market Soared on Wednesday

Mr. Cooper Group (COOP -1.03%) released its first-quarter earnings report before market open Wednesday, and this set the tone for its stock throughout the session. Since the company missed dramatically on both the top and bottom lines the shares ended up closing down by more than 1% in value. That compared most unfavorably to the almost 2% increase of the benchmark S&P 500 index. A pair of wide misses In Mr. Cooper's inaugural quarter of the year, revenue totaled $560 million, quite some distance down from ...