Countrywide profit falls
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| Posted
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Tue, 24 Jul 2007 12:18:27 GMT |
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Reuters |
| Category
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US (Business) |
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NEW YORK (Reuters) - Countrywide Financial Corp , the largest U.S. mortgage lender, said on Tuesday second-quarter profit fell as mortgage banking pre-tax earnings declined by about half.Net income for the Calabasas, California-based company fell to $485.1 million, or 81 cents per share, from $722.2 million, or $1.15, a year earlier.Countrywide also cuts its full-year earnings forecast to a range of $2.70 to $3.30 per share from a previous range of $3.50 to $4.30 per share.(Reporting by Jonathan Stempel)
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