Walker & Dunlop is trading 6.1% lower at $36.00 after a third-quarter loss and revenue missed analyst expectations.
- Results were released before market open November 5; the prior close was $38.34. No pre-market volume data was provided.
- Net loss was $37.3 million, or $1.15 per diluted share; revenue was $298.4 million, down 12% year over year.
- The company attributed the loss primarily to $63 million in charges to accelerate resolution of legacy loan repurchases and indemnifications.