ARMOUR Residential REIT Q3 EPS $1.08 Misses $1.13 Estimate
Portfolio Pulse from Benzinga Newsdesk
ARMOUR Residential REIT (NYSE:ARR) reported Q3 earnings of $1.08 per share, missing the analyst consensus estimate of $1.13 by 4.42 percent. This represents a 32.5 percent decrease from the same period last year.
October 25, 2023 | 9:10 pm
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ARMOUR Residential REIT's Q3 earnings missed the analyst consensus estimate by 4.42 percent and decreased by 32.5 percent YoY.
Earnings reports are a key indicator of a company's financial health. A miss on earnings estimates, especially when coupled with a significant year-over-year decrease, is typically viewed negatively by investors and can lead to a decrease in stock price.
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