Redwood Trust, Inc. Q3 adjusted earnings Beat Estimates

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(RTTNews.com) - Redwood Trust, Inc. ( RWT ) announced earnings for its third quarter that increased from the same period last year.

The company's earnings came in at $41 million, or $0.42 per share. This compares with $36 million, or $0.41 per share, in last year's third quarter.

Excluding items, Redwood Trust, Inc. reported adjusted earnings of $37 million or $0.39 per share for the period.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Redwood Trust, Inc. earnings at a glance:

-Earnings (Q3): $37 Mln. vs. $30 Mln. last year.
-EPS (Q3): $0.39 vs. $0.35 last year.
-Analysts Estimate: $0.37

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This article appears in: Fundamental Analysis , World Markets , Stocks , 401k , Retirement , Earnings
Referenced Symbols: RWT

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