Impac Mortgage posts 2Q profit

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Tuesday reported second-quarter profit of $6.4 million.On a per-share basis, the Irvine, C

IRVINE, Calif. (AP) _ Impac Mortgage Holdings Inc. (IMH) on Tuesday reported second-quarter profit of $6.4 million.

On a per-share basis, the Irvine, California-based company said it had profit of 32 cents. Losses, adjusted for non-recurring gains, were 1 cent per share.

The mortgage and warehouse lending company posted revenue of $39.6 million in the period.

Impac Mortgage shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.50, a drop of 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IMH at https://www.zacks.com/ap/IMH

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Keywords: Impac Mortgage, Earnings Report

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