🔴 Loandepot is trading 6% down in pre-market after revenue missed estimates and quarterly loss widened

Loandepot is trading at $0.60, down 6.09% in pre-market after third-quarter revenue came in below estimates and the company reported a net loss.

• Revenue was $307.1 million, and net loss was $28.7 million.
• Origination volume fell 12% sequentially, while margins improved.
• Shares were reported down 3% after the earnings announcement; the supplied pre-market price context shows a larger decline.