New York Mortgage Trust Q2 EPS $(0.41) Misses $0.11 Estimate, Sales $15.14M Miss $23.32M Estimate
Portfolio Pulse from bharat@benzinga.com
New York Mortgage Trust (NASDAQ:NYMT) reported Q2 losses of $(0.41) per share, missing the analyst consensus estimate of $0.11 by 472.73 percent. This is a 53.41 percent increase over losses of $(0.88) per share from the same period last year. The company also reported quarterly sales of $15.14 million, missing the analyst consensus estimate of $23.32 million by 35.09 percent, a 42.07 percent decrease from the same period last year.
August 04, 2023 | 12:10 pm
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New York Mortgage Trust's Q2 earnings missed estimates significantly, with losses per share and sales both falling short of analyst consensus estimates.
New York Mortgage Trust reported a significant miss on both earnings per share and sales for Q2. This underperformance is likely to negatively impact investor sentiment and could lead to a short-term decrease in the company's stock price.
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