Mr. Cooper Group Inc. (COOP) on Tuesday reported fourth-quarter profit of $189 million.
It had net income of $2 per share, the Coppell, Texas-based company said. Earnings, adjusted for non-recurring costs, were $2.63 per share.
The findings did not match Wall Street standards. The consensus estimate of 3 analysts surveyed by Zacks Investment Research was $2.76 per share for earnings.
In the era, the reinsurance company reported revenue of $953 million, beating Street’s estimates. $836.1 million was predicted by three analysts surveyed by Zacks.
The company posted $302 million in profit for the year, or $3.20 per share. The income was reported as 2.73 billion dollars.
Since the beginning of the year, Mr Cooper’s shares have fallen by slightly more than 2 percent. In the last 12 months, the stock has more than doubled.