Velocity Financial (VEL) delivered earnings and revenue surprises of -6.90% and 20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
WESTLAKE VILLAGE, Calif., March 09, 2023--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company) reported net income of $32.2 million and core net income of $42.2 million for the full-year 2022, compared to net income of $29.2 million and core net income of $33.3 million in 2021. Earnings and core earnings per diluted share were $0.94 and $1.24, respectively, for the full-year 2022, compared to $0.86 and $0.98, respectively, for the full-year 2021.
Tree.com (TREE) delivered earnings and revenue surprises of 240.74% and 2.10%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?