Onity Group (ONIT) Misses Q2 Earnings and Revenue Estimates

Onity Group (ONIT) came out with quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $4.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.10%. A quarter ago, it was expected that this mortgage servicer would post earnings of $1.79 per share when it actually produced earnings of $2.84, delivering a surprise of +58.66%.Over the last four quarters, the ...