AG Mortgage Investment Q2 Adj EPS $0.08 Misses $0.11 Estimate, Sales $11.36M Miss $14.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
AG Mortgage Investment (NYSE:MITT) reported Q2 adjusted earnings of $0.08 per share, missing the analyst consensus estimate of $0.11 by 27.27%. The company's quarterly sales were $11.36 million, missing the analyst consensus estimate of $14.15 million by 19.72%. This represents a 30.04% decrease over sales of $16.24 million in the same period last year.
August 07, 2023 | 10:31 am
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AG Mortgage Investment's Q2 earnings and sales missed estimates, which could negatively impact the company's stock in the short term.
AG Mortgage Investment reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability or lower profitability.
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