Rithm: Q3 Earnings Snapshot
News > National News
Audio By Carbonatix
5:53 AM on Tuesday, October 29, 2024
The Associated Press
NEW YORK (AP) — NEW YORK (AP) — Rithm Capital (RITM) on Tuesday reported third-quarter profit of $121.7 million.
The New York-based company said it had profit of 20 cents per share. Earnings, adjusted for non-recurring costs, were 54 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The real estate investment trust posted revenue of $619.5 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.11 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 RITM at https://www.zacks.com/ap/RITM
