Rithm Capital reports Q2 non-GAAP EPS of $0.60, exceeding expectations, while revenue misses by $140M.
Rithm Capital posted a Q2 non-GAAP EPS of $0.60, beating estimates by $0.10. Revenue reached $1.28 billion, up 4.9% year-over-year but missing forecasts by $140 million.
Analysts had anticipated revenue closer to $1.42 billion, following a prior quarter where the company met expectations. The miss contrasts with the earnings beat, highlighting mixed performance in the quarter.
Rithm Asset Management, including Sculptor Capital and Crestline, held approximately $61 billion in assets under management.