IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — LoanDepot Inc. (LDI) on Tuesday reported a loss of $34.3 million in its first quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of 19 cents. Losses, adjusted for one-time gains and costs, were 21 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The lender posted revenue of $222.8 million in the period.
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