Redwood Trust (RWT) Lags Q1 Earnings and Revenue Estimates

Redwood Trust (RWT) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of$ 0.17 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.65%. A quarter ago, it was expected that this specialty finance company would post earnings of$ 0.16 per share when it actually produced earnings of $0.13, delivering a surprise of -18.75%.Over the last four quart ...