Orchid Island Capital Reports Estimated GAAP Net Loss Of $(1.68) Per Share For Q3
Portfolio Pulse from Benzinga Newsdesk
Orchid Island Capital has reported an estimated GAAP net loss of $1.68 per share for Q3 2023. This includes $1.40 per share of net realized and unrealized losses on RMBS and derivative instruments.
October 11, 2023 | 9:31 pm
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Orchid Island Capital's Q3 2023 estimated GAAP net loss of $1.68 per share could negatively impact its stock price in the short term.
The reported estimated GAAP net loss of $1.68 per share for Q3 2023 is a negative indicator for Orchid Island Capital's financial performance. This includes significant losses on RMBS and derivative instruments, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100