Silver Spike Investment Q2 NII $0.31 Beats $0.22 Estimate, Total investment income $2.89M Beat $2.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silver Spike Investment (NASDAQ:SSIC) reported Q2 NII of $0.31 per share, beating the analyst consensus estimate of $0.22 by 40.91%. This is a 244.44% increase from the same period last year. The company also reported quarterly sales of $2.89 million, beating the analyst consensus estimate of $2.61 million by 10.88%. This is a 145.05% increase from the same period last year.
August 11, 2023 | 5:48 am
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POSITIVE IMPACT
Silver Spike Investment's Q2 results significantly exceeded analyst estimates, with a substantial YoY increase in both NII and sales. This could potentially lead to a positive market reaction.
Silver Spike Investment reported strong Q2 results, with both NII and sales beating analyst estimates and showing significant YoY growth. This positive financial performance could potentially lead to increased investor confidence and a positive market reaction, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100