Countrywide profit down, but stock up



Officials of Countrywide Credit Industries, Inc., the Calabasas-based mortgage banking company, said its fiscal third-quarter profit fell 5 percent due in part to a decrease in mortgage-related investments.
Earnings for the company were $95.4 million, or 80 cents per diluted share for the quarter ending Nov. 30, 2000, vs. $100.6 million, or 87 cents a share, for the third quarter of 1999.
"Earnings from our mortgage-related investments for this quarter were in line with manageme...

Thank you for supporting your local Acorn! You need to be a digital subscriber to view the rest of this content. Please Login or Subscribe Now!