06.08.2014 13:43:17
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Nationstar Q2 Profit Jumps Sequentially; Backs FY14 EPS View
(RTTNews) - Nationstar Mortgage Holdings Inc. (NSM) Wednesday reported second-quarter net earnings of $67 million or $0.74 per share, a 174 percent sequential increase over $24 million or $0.27 per share in the first quarter of 2014.
Excluding one-time expenses and MSR fair value adjustments, core earnings totaled $0.87 per share.
Revenues improved to $549.73 million from $469.64 in the last quarter.
In addition, the company said it remains ahead of its annual budget and as a result backed its full-year earnings per share guidance of $4.00 - $5.00.

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