Published on 26 Apr 2024 on Simply Wall St. via Yahoo Finance
PennyMac Mortgage Investment Trust First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
PennyMac Mortgage Investment Trust (NYSE:PMT) First Quarter 2024 Results
Key Financial Results
Revenue: US$102.4m (down 55% from 1Q 2023).Net income: US$37.2m (down 26% from 1Q 2023).Profit margin: 36% (up from 22% in 1Q 2023). The increase in margin was driven by lower expenses.EPS: US$0.43 (down from US$0.56 in 1Q 2023).