Invesco Mortgage Capital Q3 EPS $1.51 Beats $1.23 Estimate, Sales $9.43M Miss $80.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Invesco Mortgage Capital (NYSE:IVR) reported Q3 earnings of $1.51 per share, beating the analyst consensus estimate of $1.23 by 22.76%. However, the company's quarterly sales of $9.43 million missed the analyst consensus estimate of $80.16 million by 88.23%, marking a 70.27% decrease from the same period last year.
November 06, 2023 | 10:07 pm
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Invesco Mortgage Capital's Q3 earnings exceeded expectations but sales significantly missed estimates, indicating potential issues with revenue generation.
While the earnings beat is a positive sign, the significant miss on sales could indicate underlying issues with the company's ability to generate revenue. This mixed result could lead to uncertainty in the market, potentially impacting the stock's performance in the short term.
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