LoanDepot reports Q3 EPS 1c, consensus (4c)

Reports Q3 revenue $315M, consensus $275.99M. “Through the successful implementation of our Vision 2025 strategic program, loanDepot (LDI) returned to profitability in the third quarter on modest improvements in market volumes, which resulted in higher revenue,” said President and Chief Executive Officer Frank Martell. “We are also realizing the benefits of our ongoing cost management and productivity programs, which helped to fund strategic investments in our platforms, solutions and people. These investments should help position the company for success in 2025 and beyond.”