Mr Cooper: Q2 Earnings Snapshot – mySA

COPPELL, Texas (AP) _ Mr. Cooper Group Inc. (COOP) on Wednesday reported second-quarter profit of $151 million.

The Coppell, Texas-based company said it had net income of $2.03 per share. Earnings, adjusted for non-recurring gains, were 17 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The reinsurance company posted revenue of $599 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $434.7 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 COOP at https://www.zacks.com/ap/COOP

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