COPPELL, Texas (AP) — COPPELL, Texas (AP) — Mr. Cooper Group Inc. (COOP) on Wednesday reported first-quarter net income of $181 million.
The Coppell, Texas-based company said it had net income of $2.73 per share. Earnings, adjusted for non-recurring gains, came to $2.28 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The reinsurance company posted revenue of $564 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $498.1 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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