Last $23.16 USD
Change Today -0.04 / -0.17%
Volume 159.6K
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As of 1:40 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

phh corp (PHH) Key Developments

PHH Corporation Announces Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014

PHH Corporation announced consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenues of $152 million against $211 million a year ago. Loss from continuing operations before income taxes was $129 million against $101 million a year ago. Net loss from continuing operations attributable to the company was $88 million against $69 million a year ago. Net income attributable to company was $215 million against net loss attributable to company of $52 million a year ago. Basic and diluted loss per share from continuing operations was $1.64 against $1.19 a year ago. Basic and diluted earrings per share was $4.00 against Basic and diluted loss per share of $0.90 a year ago. Core loss (after-tax) and core loss per share for the quarter were $64 million and $1.19 against $62 million and $1.07 for the same period in the last year. Book value per basic share at the end of the third quarter was $31.06. The significant sequential quarter increase in book value per basic share from $26.49 at the end of the second quarter was primarily driven by the gain on sale from the Fleet transaction and the approximately 7 million shares that were retired as a result of the accelerated share repurchase program. For the nine months, the company reported net revenues of $459 million against $962 million a year ago. Loss from continuing operations before income taxes was $243 million against profit from operations before income taxes of $104 million a year ago. Loss from continuing operations attributable to company was $159 million against income from operations attributable to company of $41 million a year ago. Net income attributable to company was $114 million against $90 million a year ago. Basic and diluted loss per share from continuing operations was $2.83 against $0.64 diluted loss per share a year ago. Basic and diluted earrings per share were $2.03 against $1.38 a year ago. Tangible book value per share was $31.06 at September 30, 2014 up 14% from $27.33 at September 30, 2013. Core loss (after-tax) and core loss per share for the quarter were $116 million and $2.06 against $84 million and $1.46 for the same period in the last year.

PHH Corporation to Report Q3, 2014 Results on Nov 04, 2014

PHH Corporation announced that they will report Q3, 2014 results After-Market on Nov 04, 2014

PHH Corporation, Q3 2014 Earnings Call, Nov 05, 2014

PHH Corporation, Q3 2014 Earnings Call, Nov 05, 2014

PHH Corporation Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of Full Year 2014, First Half of 2015 and Second Half of Full Year 2015

PHH Corporation announced financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $196 million against $415 million a year ago. Loss from continuing operations before income taxes was $21 million against profit from operations before income taxes of $133 million a year ago. Loss from continuing operations, net of tax was $9 million against income from operations net of tax of $86 million a year ago. Net loss attributable to company was $59 million against net income attributable to company of $90 million a year ago. Diluted loss per share from continuing operations was $0.23 against earnings per diluted share from continuing operations of $1.15 a year ago. Diluted loss per share was $1.02 against diluted earrings per share of $1.40 a year ago. Core loss (after-tax) and core loss per share for the quarter were $18 million and $0.31, respectively. For the six months, the company reported net revenues of $307 million against $751 million a year ago. Loss from continuing operations before income taxes was $114 million against profit from operations before income taxes of $205 million a year ago. Loss from continuing operations, net of tax was $69 million against income from operations net of tax of $134 million a year ago. Net loss attributable to company was $101 million against net income attributable to company of $142 million a year ago. Diluted loss per share from continuing operations was $1.23 against earnings per diluted share from continuing operations of $1.68 a year ago. Diluted loss per share was $1.75 against diluted earrings per share of $2.18 a year ago. Tangible book value per share as at June 30, 2014 was $26.49. Core loss (after-tax) and core loss per share were $52 million and $0.91, respectively against $22 million or $0.38 per share a year ago. The company reported that assuming current market conditions and interest rate levels persist, it expects to report negative core earnings on a consolidated basis in second half of 2014 and in the first half of 2015. However, with the expected implementation of its reengineering initiatives over the next 6 to 12 months, it anticipates reporting positive core earnings for the second half of 2015.

PHH Corporation to Report Q2, 2014 Results on Aug 04, 2014

PHH Corporation announced that they will report Q2, 2014 results After-Market on Aug 04, 2014

 

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