UWM Holdings (UWMC) reported a Q1 loss Tuesday of $0.12 per share, swinging from earnings of $0.09 a year earlier.

Four analysts polled by FactSet expected $0.07.

Total revenue for the quarter ended March 31 was $613.4 million, up from $585.5 million a year earlier.

Analysts surveyed by FactSet expected $549.1 million.

The mortgage lending company said it anticipates Q2 production of between $38 billion and $45 billion.

The company maintained its quarterly dividend at $0.10 per class A common share, payable on July 10 to shareholders of record as of June 18.

Shares of the company were down about 4% in recent Tuesday premarket activity.