(Reuters) - The company also suspended providing a financial forecast
with earnings, citing what Chief Executive Michael Perry called
"the significant current uncertainties in the housing and
mortgage markets."
Net income for the Pasadena-based parent of IndyMac Bank,
which is also one of the largest U.S. savings and loans, fell
to $44.6 million, or 60 cents per share, from $104.7 million,
or $1.49, a year earlier. Revenue declined 21 percent to $297.8
million.
Read more at Reuters.com Market News
with earnings, citing what Chief Executive Michael Perry called
"the significant current uncertainties in the housing and
mortgage markets."
Net income for the Pasadena-based parent of IndyMac Bank,
which is also one of the largest U.S. savings and loans, fell
to $44.6 million, or 60 cents per share, from $104.7 million,
or $1.49, a year earlier. Revenue declined 21 percent to $297.8
million.
Read more at Reuters.com Market News
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