loanDepot jumps after returning to profitability

loanDepot

05/11/2024 23:05

** Shares of mortgage lender loanDepot  LDI.N  jump 7.9% to
$2.32 after the bell
    ** LDI posts Q3 adjusted profit of 2 cents/shr, compared to
Wall Street expectations of a loss of 4 cents/shr, according to
data compiled by LSEG
    ** Q3 revenue jumped 18% to $315 mln, driven by modest
improvement in the mortgage market 
    ** Analysts had expected revenue of $276 mln
    ** As of last close, LDI shares down 39% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))