Flagstar Financial Reports Revenue Miss Despite Earnings Beat
Flagstar Financial Inc. (NYSE:FLG) shares fell over 3% in premarket trading after the company reported first-quarter revenue below expectations, despite beating earnings forecasts. The bank's revenue of $498 million missed the $552.9 million estimate, while adjusted earnings per share of $0.04 exceeded the $0.03 forecast.
Tickers: $FLG PRA
Topics: Banking Sector Earnings Beat Financial Results Revenue Miss Stock Price Movement