Lument Finance Trust Q2 Adj EPS $0.04 Misses $0.07 Estimate, Sales $7.51M Miss $22.17M Estimate
Portfolio Pulse from bharat@benzinga.com
Lument Finance Trust (NYSE:LFT) reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.07 by 42.86%. The company's quarterly sales were $7.51 million, missing the analyst consensus estimate of $22.17 million by 66.13%. However, this represents a 17.02% increase over sales of $6.42 million in the same period last year.
August 08, 2023 | 9:17 pm
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Lument Finance Trust's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Lument Finance Trust's Q2 earnings and sales fell short of analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100