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Finance of America Companies Q3 2023 Earnings Report

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$21.64 +0.24 (+1.12%)
As of 11:23 AM Eastern
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Finance of America Companies EPS Results

Actual EPS
-$1.40
Consensus EPS
-$0.90
Beat/Miss
Missed by -$0.50
One Year Ago EPS
N/A

Finance of America Companies Revenue Results

Actual Revenue
($70.44) million
Expected Revenue
$60.00 million
Beat/Miss
Missed by -$130.44 million
YoY Revenue Growth
N/A

Finance of America Companies Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

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Finance of America Companies Earnings Headlines

The unusual signal flashing green again
Something fascinating happened in April... While a lot of Wall Street institutions were opening new positions in a falling stock, something different showed up on my screen. A special set of candles had just turned green - signaling the kind of momentum surge I'd seen only a handful of times before. What happened next? The stock soared 45% on the underlying stock in just a few weeks and 227% for anyone who traded the options. Naturally, there would have been smaller wins and those that would not have worked out, but this wasn't some penny stock or crypto play… It was ARM Holdings - a major semiconductor player that had just shed 9% of its value.
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About Finance of America Companies

Finance of America Companies (NYSE:FOA) a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners. The Portfolio Management segment provides product development, loan securitization, loan sales, risk management, servicing oversight, and asset management services for borrowers and investors. The company was founded in 2013 and is headquartered in Plano, Texas.

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