Angel Oak Mortgage REIT Q2 Adj EPS $(0.16) Misses $0.12 Estimate, Sales $6.45M Miss $29.13M Estimate
Portfolio Pulse from sunil@benzinga.com
Angel Oak Mortgage REIT (AOMR) reported Q2 losses of $(0.16) per share, missing the analyst consensus estimate of $0.12 by 233.33%. This is a 117.78% decrease from the same period last year. The company also reported quarterly sales of $6.45 million, missing the analyst consensus estimate of $29.13 million by 77.85%. This is a 60.73% decrease from the same period last year.
August 08, 2023 | 11:34 am
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Angel Oak Mortgage REIT reported a significant miss in Q2 earnings and sales, with a decrease of 117.78% and 60.73% YoY respectively.
Angel Oak Mortgage REIT reported a significant miss in Q2 earnings and sales, which are key indicators of a company's financial health. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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