Walker & Dunlop Q3 Earnings Tops Estimates; Declares Dividend

RTTNews | 876 hari yang lalu
Walker & Dunlop Q3 Earnings Tops Estimates; Declares Dividend

(RTTNews) - Walker & Dunlop, Inc. (WD) reported Wednesday that net income for the third quarter declined to $46.83 million or $1.40 per share from $71.72 million or $2.21 per share in the prior-year quarter.

Total revenues for the quarter decreased 9 percent to $315.61 million from $346.29 million in the same quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $1.99 per share on revenue of $350.58 million for the quarter. Analysts' estimates typically exclude special items.

The company said they were significantly impacted by a year-over-year decrease in non-cash MSR income due to spread compression on its Fannie Mae lending.

On Tuesday, the Company's Board of Directors also declared a quarterly dividend of $0.60 per share for the fourth quarter of 2022, payable on December 9, 2022 to all holders of record of the Company's restricted and unrestricted common stock as of November 25, 2022.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Swiss Market Ends Sharply Lower On Tariff Woes

Swiss Market Ends Sharply Lower On Tariff Woes

Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
RTTNews | 6j 27min yang lalu
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment

Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth. The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
RTTNews | 7j 39min yang lalu
U.S. Services Index Drops To Nine-Month Low In March

U.S. Services Index Drops To Nine-Month Low In March

U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
RTTNews | 9j 25min yang lalu
U.S. Trade Deficit Shrinks From Record High As Exports Surge

U.S. Trade Deficit Shrinks From Record High As Exports Surge

The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
RTTNews | 9j 31min yang lalu
U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000

U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended March 29th. The report said initial jobless claims dipped to 219,000, a decrease of 6,000 from the previous week's revised level of 225,000.
RTTNews | 9j 53min yang lalu