SEATTLE (AP) — SEATTLE (AP) — HomeStreet Inc. (HMST) on Monday reported a loss of $123.3 million in its fourth quarter.
The Seattle-based company said it had a loss of $6.54 per share. Losses, adjusted for non-recurring costs, came to 27 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The real estate lender posted revenue of $20.9 million in the period. Its adjusted revenue was $40.3 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $41.3 million.
For the year, the company reported a loss of $144.3 million, or $7.65 per share. Revenue was reported as $164.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMST at https://www.zacks.com/ap/HMST
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