LoanDepot: Q4 Earnings Snapshot

FOOTHILL RANCH, Calif. (AP) — FOOTHILL RANCH, Calif. (AP) — LoanDepot Inc. (LDI) on Wednesday reported a fourth-quarter loss of $77.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Foothill Ranch, California-based company said it had a loss of 46 cents.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.

The lender posted revenue of $169.7 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $199.2 million.

For the year, the company reported a loss of $273 million, or $1.75 per share, swinging to a loss in the period. Revenue was reported as $1.26 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 LDI at https://www.zacks.com/ap/LDI