UWM Holdings Corporation (UWMC): Shares of UWM Holding (UWMC) declined 5....

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UWM Holdings Corporation (UWMC)

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Tuesday, 08/17/2021 3:03:15 PM

Tuesday, August 17, 2021 3:03:15 PM

Shares of UWM Holding (UWMC) declined 5.1% on Monday and slipped another 1.9% in extended trade to closed at $7.32 after the company reported lower-than-expected Q2 results. UWM Holdings engages in underwriting and providing closing documentation for residential mortgage loans. The company reported earnings of $0.07 per share in the second quarter, which missed analysts’ estimates of $0.08 per share. Markedly, Q2 results were inclusive of a $219.1 million decline in the fair value of mortgage servicing rights. Revenues of $484.7 million declined 42% year-over-year and lagged the consensus estimates of $668.3 million. The downside can be attributed to a 37% fall in loan production income during the quarter.

https://www.tipranks.com/news/uwm-holding-drop-5-1-as-q2-results-miss-estimates?utm_source=advfn.com&utm_medium=referral

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Recent UWMC News

Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/18/2024 08:32:26 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 11:27:52 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:28:56 PM
Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/04/2024 08:20:17 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:20:05 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:10:49 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:09:52 PM
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Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/06/2024 08:28:11 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 12:32:34 PM
UWM Holdings Corporation Announces Second Quarter 2024 Results • Business Wire • 08/06/2024 12:30:00 PM
UWM Holdings Corporation Announces 2Q 2024 Earnings Conference Call • Business Wire • 07/23/2024 08:01:00 PM
Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:16:51 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 04:59:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 12:46:13 PM
UWM Holdings Corporation Announces First Quarter 2024 Results • Business Wire • 05/09/2024 12:30:00 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:30:03 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:25:30 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:24:10 PM
Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/28/2024 04:36:19 PM
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