IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — LoanDepot Inc. (LDI) on Tuesday reported third-quarter earnings of $1.4 million.
The Irvine, California-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The lender posted revenue of $314.6 million in the period.
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