COPPELL, Texas (AP) — COPPELL, Texas (AP) — Mr. Cooper Group Inc. (COOP) on Wednesday reported fourth-quarter profit of $204 million.
The Coppell, Texas-based company said it had net income of $3.13 per share. Earnings, adjusted for non-recurring gains, were $2.73 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.58 per share.
The reinsurance company posted revenue of $654 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $585.9 million.
For the year, the company reported profit of $669 million, or $10.19 per share. Revenue was reported as $2.23 billion.
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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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