Orchid Island Cap (NYSE:ORC) reported Q2 earnings of $0.35 per share, beating the analyst consensus estimate of $(0.01) by 3600 percent. This is a 120.59 percent increase over losses of $(1.70) per share from the same period last year. However, the company reported quarterly sales of $(12.96 million) which missed the analyst consensus estimate of $9.85 million by 231.62 percent, a 147.86 percent decrease over sales of $27.09 million the same period last year.