Freddie Mac Posts Profit of $524 Million in 1st Quarter
Wednesday, May 6, 2015 9:33 am |
< 1 Minute Read
Freddie Mac on Tuesday reported first-quarter net income of $524 million, after reporting a loss in the same period a year earlier.
The McLean, Virginia-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs, came to 67 cents per share.
The secondary mortgage market operator posted revenue of $3.9 billion in the period.
This article appeared in print in edition of Hamodia.
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