Ladder Cap Q2 Adj EPS $0.33 Beats $0.32 Estimate, Sales $74.15M Miss $98.89M Estimate
Portfolio Pulse from sunil@benzinga.com
Ladder Cap (NYSE:LADR) reported Q2 earnings of $0.33 per share, beating the analyst consensus estimate of $0.32 by 3.13%. However, this is a 2.94% decrease from the same period last year. The company's quarterly sales were $74.15 million, missing the analyst consensus estimate of $98.89 million by 25.02%, and marking an 11.58% decrease from the same period last year.
July 26, 2023 | 9:20 pm
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Ladder Cap's Q2 earnings beat estimates but sales missed. This mixed result could lead to uncertainty in the market.
Ladder Cap's earnings beat estimates, which is a positive signal. However, the miss on sales could be a concern for investors. The decrease in both earnings and sales YoY also indicates potential issues. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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IMPORTANCE 80
RELEVANCE 100