Mr. Cooper Q1 Earnings Surpass Estimates, Revenues Decline Y/Y

Mr. Cooper Group Inc. (COOP) reported first-quarter 2025 adjusted earnings per share of $2.97, which beat the Zacks Consensus Estimate by 5.7%. The bottom line rose 30.3% year over year.Solid improvements in the Servicing and Originations segments were major tailwinds for the company in the fourth quarter. However, a decline in revenues and an increase in expenses were spoilsports.Net income of $88 million in the first quarter declined significantly from $181 million a year ago.COOP’s Revenues & ExpensesMr. ...