Redwood Trust Q2 EPS $0.14 Beats $0.11 Estimate, Sales $26.00M Miss $30.48M Estimate
Portfolio Pulse from mahesh@benzinga.com
Redwood Trust (NYSE:RWT) reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.11 by 27.27%. However, the company's quarterly sales of $26.00 million missed the analyst consensus estimate of $30.48 million by 14.70%. This represents a 116.47% increase in earnings and a 35.00% decrease in sales compared to the same period last year.
July 27, 2023 | 8:29 pm
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Redwood Trust's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Redwood Trust's earnings beat estimates, which is a positive signal. However, the sales miss could be a concern for investors as it indicates a decrease in revenue. The mixed results could lead to uncertainty in the market, potentially affecting the stock's short-term performance.
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