WASHINGTON (dpa-AFX) - Redwood Trust, Inc. (RWT) announced a profit for third quarter that dropped from the same period last year.
The company's bottom line totaled $88 million, or $0.65 per share. This compares with $142 million, or $1.02 per share, in last year's third quarter.
Analysts had expected the company to earn $0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Redwood Trust, Inc. earnings at a glance:
-Earnings (Q3): $88 Mln. vs. $142 Mln. last year. -EPS (Q3): $0.65 vs. $1.02 last year. -Analysts Estimate: $0.39
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