06:20 AM EDT, 05/09/2024 (MT Newswires) -- Ready Capital ( RC ) reported a Q1 net loss late Wednesday of $0.44 per diluted share, swinging from earnings of $0.29 a year earlier.

Analysts polled by Capital IQ expected earnings of $0.20 per share.

The company reported revenue loss, expressed as the sum of net interest income and total noninterest income, of $54.1 million for the quarter ended March 31, compared with revenue of $88.7 million a year earlier.

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