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

PennyMac Mortgage (PMT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.35. This compares to earnings of $0.17 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 ...