Redwood Trust (RWT) Q2 Earnings and Revenues Miss Estimates

Redwood Trust (RWT) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.17 per share when it actually produced earnings of $0.14, delivering a surprise of -17.65%.Over the last four quarte ...