Redwood Trust (RWT) Tops Q1 EPS by 7c
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Redwood Trust Reports First Quarter 2017 Results
May 4, 2017 4:17 PM EDTMILL VALLEY, Calif., May 4, 2017 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today reported net income for the first quarter of 2017 of $37 million, or $0.43 per fully diluted share. This compares with net income of $25 million, or $0.31 per fully diluted share, for the fourth quarter of 2016 and net income of $12 million, or $0.15 per fully diluted share, for the first quarter of 2016. Redwood also reported non-GAAP core earnings for the first quarter of 2017 of $30 million, or $0.36 per fully diluted share. This compares with non-GAAP core earnings of $27 million, or $0.33 per fully diluted share,... More
