Nationstar Mortgage Reports Q1 Net Income Of $24 Mln

(RTTNews) - Nationstar Mortgage Holdings Inc. (NSM) reported net income of $24 million, or $0.27 per share for the first quarter 2014. Loss was $51 million or $0.56 per share in the fourth quarter 2013.

Pro forma earnings per share for the first quarter were $0.53, excluding $39 million in one-time expenses.

Total revenues for the latest-quarter were $469.65 million. Total revenues for the fourth-quarter were $420.42 million.

Reflecting external market conditions, Nationstar provided updated 2014 guidance for Adjusted EBITDA per share of $12.00 - $12.75 and GAAP earnings per share of $4.00 - $5.00. The company said in February that it expected earnings to be in a range of $4.50 to $6.00 per share for fiscal 2014.