UWM Hldgs Q2 Adj $0.11 Beats $0.06 Estimate, Sales $587.52M Beat $483.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
UWM Holdings (NYSE:UWMC) reported Q2 earnings of $0.11 per share, beating the analyst consensus estimate of $0.06 by 83.33%. This is a 10% increase from the same period last year. The company also reported quarterly sales of $587.52 million, beating the analyst consensus estimate of $483.96 million by 21.40%. This is a 4.13% increase from the same period last year.
August 09, 2023 | 1:02 pm
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POSITIVE IMPACT
UWM Holdings reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
UWM Holdings reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100