MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Redwood Trust Inc. (RWT) on Tuesday reported first-quarter profit of $30 million.
On a per-share basis, the Mill Valley, California-based company said it had profit of 21 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The specialty finance company posted revenue of $205 million in the period. Its adjusted revenue was $24 million, which beat Street forecasts. Five analysts surveyed by Zacks expected $22.5 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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