Finance of America shares tumble, then attempt comeback after reporting Q4 loss

Finance of America's FOA.N shares gap down to four-mth low in early trade, then rebound on Weds after co swung to qtrly loss

FOA shares opened down 21.8% at $16.58. Stock has since rallied, edging briefly into the green, though is last down 3.3% at $20.51

Plano, Texas-based co, which offers retirement solutions including reverse mortgage loans, late Tues reported Q4 net loss of $142.6 mln compared to net income of $164.7 mln a yr ago

It posted adj profit/sh of 21 cents

Net portfolio interest income in qtr increased to $69.2 mln from $68.7 mln

Total rev came in at negative $105.6 mln vs positive $275.7 mln last year, as it recorded income expense of $174.8 mln compared to net income of $207 mln

The approx ~$200 mln market cap co is covered by just two brokerages, UBS and Raymond James, per LSEG. Their median PT is $28

Including move on Weds, stock off ~26% YTD. It closed at $7.70 a year ago