Mr Cooper Group Inc Says Restarted Servicing Operations On Saturday, Nov. 4; Estimate Q4 Earnings Will Include $5M-$10M Of Additional Vendor Costs
Portfolio Pulse from Benzinga Newsdesk
Mr Cooper Group Inc has restarted its servicing operations on Saturday, Nov. 4. The company estimates that its Q4 earnings will include an additional $5M-$10M of vendor costs, according to an SEC 8K filing.
November 09, 2023 | 1:50 pm
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Mr Cooper Group Inc's Q4 earnings are expected to include an additional $5M-$10M of vendor costs due to the restart of its servicing operations.
The restart of operations by Mr Cooper Group Inc is likely to impact its Q4 earnings due to the additional vendor costs. This could potentially lead to a decrease in the company's profitability, which may negatively affect its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100