LoanDepot reports Q2 EPS (6c), consensus (3c)

Reports Q2 revenue $283M, consensus $315.79M. “I am thrilled to return to the helm of the company that I, along with so many members of the team, built from the ground up,” said Founder and Chief Executive Officer Anthony Hsieh. “My focus is to return to our roots and drive profitable market share growth fueled by technology innovations that power operating leverage, and ultimately a return to profitability. I believe that loanDepot’s (LDI) unique set of assets – our nationally recognized brand and marketing muscle, our diversified channel strategy, our high-quality servicing portfolio and our exceptional customer experience against the backdrop of a highly fragmented market and the rapid evolution of artificial intelligence – position us to once again disrupt and redefine the industry.”