WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — PennyMac Mortgage Investment Trust (PMT) on Wednesday reported second-quarter profit of $31 million.
The Westlake Village, California-based company said it had net income of 23 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The specialty finance company posted revenue of $73 million in the period.
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