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Apr 17, 2024

Grand News Network / November 8, 2023

UWM Holdings Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, 'Highly Profitable' Outlook And More

Shares of home mortgage lender UWM Holdings Corp (NASDAQ: UWMC) are trading higher Wednesday on the heels of the company's third-quarter financial results. Here's a look at the key metrics from the quarter

Q3 Earnings: UWM Holdings reported third-quarter revenue of $677.116 million, which beat the consensus estimate of $517.069 million, according to Benzinga Pro. The United Wholesale Mortgage parent company reported quarterly earnings of 15 cents per share, which beat estimates of 6 cents per share. 

Total loan origination volume was $29.7 billion in the third quarter. Purchase originations totaled $25.9 billion. Total equity was $3.1 billion as of Sept. 30. 

UWM Holdings ended the quarter with approximately $900 million in cash ...

Full story available on Benzinga.com


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