Better's Leadership Shift Prompts Earnings Reschedule

Dow Jones

08/04

Better moved its second-quarter earnings release forward to Aug. 6 from Aug. 10 following leadership changes announced Monday. Daniel Lewis joined the board on July 27 and was named interim CEO one week later on Aug. 3. Mr. Lewis succeeds Founder Vishal Garg, who has mutually agreed with the Board to transition from his role as Chief Executive Officer. Preliminary 2Q results show Funded Loan Volume of $1.67 billion, up 45% year over year, and revenue of $54.7 million, a 28% increase from the prior year.

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.

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Daniel Lewis joined the board on July 27 and was named interim CEO one week later on Aug. 3. Mr. Lewis succeeds Founder Vishal Garg, who has mutually agreed with the Board to transition from his role as Chief Executive Officer. Preliminary 2Q results show Funded Loan Volume of $1.67 billion, up 45% year over year, and revenue of $54.7 million, a 28% increase from the prior year. \n\n\n \n\n\n     This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}