Velocity Financial Reports Q3 Earnings Beat on Revenue and EPS
Velocity Financial, Inc. (NYSE: VEL) reported third-quarter financial results that exceeded market expectations for both earnings per share and total revenue. The company posted a Non-GAAP EPS of $0.76, surpassing estimates by $0.05. Total revenue reached $102.1 million, representing a 19.0% increase year-over-year and beating consensus estimates by $49.24 million. The significant revenue beat suggests strong operational momentum compared to the previous year.
Tickers: $VEL
Topics: earnings beat non-GAAP EPS revenue growth