ARMOUR Residential REIT Q2 Adj EPS $0.23 Misses $0.24 Estimate, Sales $5.76M Miss $53.43M Estimate
Portfolio Pulse from vinayak@benzinga.com
ARMOUR Residential REIT (NYSE:ARR) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.24 by 4.17%. This is a 20.69% decrease from the same period last year. The company also reported quarterly sales of $5.76 million, missing the analyst consensus estimate of $53.43 million by 89.22%, a decrease of 83.56% from the same period last year.
July 26, 2023 | 9:11 pm
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ARMOUR Residential REIT's Q2 earnings and sales significantly missed estimates, indicating a potential negative impact on its stock price.
ARMOUR Residential REIT's Q2 earnings and sales missed estimates by a significant margin. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100