Thursday, May 10, 2007

UPDATE 1-Impac Mortgage posts first-quarter loss

(Reuters) - The Irvine, California-based company posted a net loss of $121.7 million, or $1.65 a share, compared with net earnings of $85.6 million, or $1.07 a share, a year earlier.

The latest quarter included a derivatives-related loss of $58.7 million compared with a gain of $51.4 million in the year-ago quarter, the company said.


Read more at Reuters.com Mergers News

No comments: