Rithm Capital Reports Q2 Non-GAAP EPS Beat but Revenue Misses Estimates
In its second-quarter earnings report, Rithm Capital (NYSE: RITM) reported a non-GAAP earnings per share of $0.60, which exceeded expectations by $0.10. However, the company's revenue came in at $1.28 billion, missing estimates by $140 million and showing year-over-year growth of 4.9%. Rithm Capital’s alternative asset management platform, including Sculptor Capital Management and Crestline Management, reported managing approximately $61 billion in assets. The mixed results highlight strong performance on the earnings front but weaker-than-expected revenue generation. The report provides insight into the company's diversified operations across its key subsidiaries within the broader financial services sector.
Tickers: $RITM
Topics: Earnings Non-GAAP EPS Revenue