Rithm Capital Reports Higher Than Expected Earnings in Q2 Despite Revenue Miss
Rithm Capital (NYSE: RITM) reported second-quarter earnings that surpassed the average Wall Street estimate, driven by inflows boosting assets under management. However, revenue fell short of consensus expectations. The company saw growth in interest income, asset management fees, and commercial real estate revenue compared to the previous quarter. Conversely, net servicing revenue declined during the period. The stock rose 1.3% in premarket trading on Tuesday following the earnings report, reflecting investor optimism despite the revenue shortfall.
Tickers: $RITM
Topics: earnings revenue stock movement