Impac Expects Earnings to Exceed Estimates

Impac Mortgage Holdings Inc. said it expects second-quarter earnings to exceed Wall Street’s estimates but did not give a figure.

Analysts expected the Newport Beach real estate investment trust to earn 24 cents for the three months, according to a survey by the First Call/Thomson Financial.

Shares of Impac rose 80 cents to close at $7.70 a share on the American Stock Exchange.