PennyMac Financial (PFSI) Lags Q2 Earnings and Revenue Estimates

PennyMac Financial (PFSI) came out with quarterly earnings of $1.02 per share, missing the Zacks Consensus Estimate of $3.01 per share. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.11%. A quarter ago, it was expected that this mortgage banking and investment management company would post earnings of $2.99 per share when it actually produced earnings of $1.42, delivering a surprise of - ...