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Guild Holdings Q4 Loss Widens, Revenue Falls; Shares Slump After Hours
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Guild Holdings Q4 Loss Widens, Revenue Falls; Shares Slump After Hours
Mar 12, 2024 3:19 PM

05:52 PM EDT, 03/12/2024 (MT Newswires) -- Guild Holdings ( GHLD ) late Tuesday reported a Q4 net loss of $1.52 a share, compared with the loss of $0.25 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.11.

Revenue in the quarter ended Dec. 31 fell to $57.2 million from $134.3 million a year earlier.

Analysts polled by Capital IQ expected $172.9 million.

In Q4, Guild Holdings ( GHLD ) repurchased and retired 97,557 shares of its class A common shares at an average $11.69 apiece, and $11.2 million remained available for repurchase as of Dec. 31, the company said. The board extended the buyback program to May 5, 2025.

Shares of the company fell 16% in after-hours activity.

Price: 11.75, Change: -2.25, Percent Change: -16.07

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