AGNC Investment Q2 Adj EPS $0.67 Beats $0.62 Estimate, Sales $(69.00M) Miss $378.86M Estimate
Portfolio Pulse from totan@benzinga.com
AGNC Investment reported Q2 earnings of $0.67 per share, beating the analyst consensus estimate of $0.62 by 8.06%. However, this is a 19.28% decrease from the same period last year. The company's quarterly sales were $(69.00 million), missing the analyst consensus estimate of $378.86 million by 118.21%, a 121.90% decrease from the same period last year.
July 24, 2023 | 8:04 pm
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AGNC Investment's Q2 earnings beat estimates but sales significantly missed, indicating mixed financial performance.
AGNC Investment's earnings beat estimates, which is positive for the stock. However, the significant miss on sales and the decrease from the same period last year could negatively impact the stock, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100