Redwood Trust: 4Q Earnings Snapshot
MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Thursday reported a fourth-quarter loss of $1 million, after reporting a profit in the same period a year earlier.
The Mill Valley, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share.
The specialty finance company posted revenue of $102 million in the period. Its adjusted revenue was $17 million.
For the year, the company reported profit of $120 million, or $1.34 per share. Revenue was reported as $214 million.
Redwood Trust shares have risen almost 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.79, a climb of 5 percent in the last 12 months.