PHH Corporation Announces Preliminary Q4 EPS of $3.26

PHH Corporation PHH today announced that it expects consolidated GAAP net income attributable to PHH Corporation of approximately $181 million and basic earnings per share attributable to PHH Corporation of $3.26 for the three month period ended December 31, 2010, and approximately $48 million and $0.87, respectively, for the full year ended December 31, 2010. The Company also announced that it expects core earnings (after-tax) of approximately $17 million and core earnings per share of $0.31 for the three month period ended December 31, 2010, and approximately $167 million and $3.01, respectively, for the full year ended December 31, 2010.