Redwood Trust: Q3 Earnings Snapshot

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MILL VALLEY, Calif. (AP) — MILL VALLEY, Calif. (AP) — Redwood Trust Inc. (RWT) on Wednesday reported third-quarter net income of $14.8 million.

The Mill Valley, California-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, were 18 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RWT at https://www.zacks.com/ap/RWT