NEW YORK (AP) — NEW YORK (AP) — Rithm Capital (RITM) on Friday reported third-quarter profit of $253.3 million.

On a per-share basis, the New York-based company said it had net income of 38 cents. Earnings, adjusted for non-recurring costs, were 55 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The real estate investment trust posted revenue of $1.76 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.49 billion.

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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 RITM at https://www.zacks.com/ap/RITM

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