WESTLAKE VILLAGE, Calif. (AP) — WESTLAKE VILLAGE, Calif. (AP) — Velocity Financial, Inc. (VEL) on Thursday reported profit of $17.3 million in its first quarter.

The Westlake Village, California-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring costs, were 51 cents per share.

The company posted revenue of $29.5 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VEL at https://www.zacks.com/ap/VEL