Home Point Capital: Q2 Earnings Snapshot

August 11, 2022 GMT

ANN ARBOR, Mich. (AP) _ Home Point Capital Inc. (HMPT) on Thursday reported a loss of $44.4 million in its second quarter.

On a per-share basis, the Ann Arbor, Michigan-based company said it had a loss of 32 cents. Losses, adjusted for non-recurring gains, were 34 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The mortgage originator and servicer posted revenue of $70 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $114.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMPT at https://www.zacks.com/ap/HMPT