Freddie Mac Reports Loss in Q3, Yet Surpasses Revenue Expectations

MCLEAN, Va. - Freddie Mac (OTCQB:FMCC), a government-supported entity playing a critical role in the U.S. housing market, reported a loss in the third quarter of 2024, falling short of analyst expectations amid a challenging economic environment, although its revenue significantly exceeded forecasts. Freddie Mac reported a loss of $0.02 per share for the third quarter, which is substantially below analysts' expectations of a $0.90 profit. This result represents a significant decline compared to the same period last year. However, the company's quarterly revenue was $5.84 billion, surpassing the $3.61 billion analyst estimate by a considerable margin. The revenue figure indicates a robust performance, exceeding expectations by over 60%. This situation demonstrates that despite profitability challenges, Freddie Mac's core business operations remained strong throughout the quarter.