Mortgage lender loanDepot slides after Q4 loss widens
ReutersMar 11, 2025 8:38 PM
Shares of mortgage lender loanDepot LDI.N fall 8.7% to $1.47 in extended trade
Irvine, California-based LDI posts Q4 adjusted loss of $47 million, compared with loss of $26.7 million a year earlier
Analysts expected LDI to post a loss of $2.2 million - data compiled by LSEG
LDI beat profit expectations in Q2 and Q3 2024
One of five brokerages rate the stock "strong buy", two "hold" and two "sell"; median PT is $2.48
LDI stock down 21% YTD
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