Pennymac Mortgage: Q2 Earnings Snapshot

WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — PennyMac Mortgage Investment Trust (PMT) on Tuesday reported second-quarter profit of $25.4 million.

The Westlake Village, California-based company said it had profit of 17 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The specialty finance company posted revenue of $71.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $90.3 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 PMT at https://www.zacks.com/ap/PMT