PennyMac Mortgage Investment Trust (NYSE: PMT) reported net income of $75.2 million, or $0.93 per diluted share (up 86% from the prior quarter), for the second quarter of 2014, on net investment income of $120.6 million (up 57% from the prior quarter).
Newell Rubbermaid (NYSE: NWL) announced second quarter 2014 financial results that showed strong bottom-line results and revenues in line with analysts’ estimates; management also reaffirmed expectations for the balance of 2014.
While a bankruptcy certainly does not have to be the final chapter for NII Holdings, it will take a substantial restructuring of the capital structure for this Company to emerge from Chapter 11 as a viable standalone entity.
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