SEATTLE (AP) — SEATTLE (AP) — HomeStreet Inc. (HMST) on Tuesday reported a loss of $7.3 million in its third quarter.
On a per-share basis, the Seattle-based company said it had a loss of 39 cents. Losses, adjusted for costs related to mergers and acquisitions, came to 32 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The real estate lender posted revenue of $110.9 million in the period. Its adjusted revenue was $39.7 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $42.9 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 HMST at https://www.zacks.com/ap/HMST
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