UWMC - UWM Holdings EPS beats by $0.01 beats on revenue

UWM Holdings (NYSE:UWMC): Q3 GAAP EPS of $0.16 beats by $0.01. Revenue of $690.31M (+42.4% Y/Y) beats by $61.52M. Shares +0.42% PM. Press Release Originations of $63.0 billion, a 16% increase from $54.3 billion in 3Q20 and a 6% increase from $59.2 billion in 2Q21 Total gain margin of 94 bps in 3Q21 compared to 318 bps in 3Q20 and 81 bps in 2Q21 Q4 2021 outlook: The company anticipate fourth quarter production to be in the $52-$60 billion range, with expected gain margin between 85 and 105 bps

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UWM Holdings EPS beats by $0.01, beats on revenue