Redwood Trust: Q2 Earnings Snapshot – mySA

MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Thursday reported a loss of $100 million in its second quarter.

On a per-share basis, the Mill Valley, California-based company said it had a loss of 85 cents. Losses, adjusted for investment costs, came to 11 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The specialty finance company posted revenue of $167 million in the period. Its adjusted revenue was $40 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 RWT at https://www.zacks.com/ap/RWT

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