Granite Point Mortgage Q3 Adj $0.18 Beats $0.13 Estimate, Sales $19.91M Beat $19.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Point Mortgage (NYSE:GPMT) reported Q3 earnings of $0.18 per share, beating the analyst consensus estimate of $0.13 by 38.46%. This is a 5.88% increase from the same period last year. The company also reported quarterly sales of $19.91 million, beating the analyst consensus estimate of $19.43 million by 2.50%. This is an 8.86% increase from the same period last year.
November 07, 2023 | 10:44 pm
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POSITIVE IMPACT
Granite Point Mortgage's Q3 earnings and sales exceeded analyst estimates, indicating a positive financial performance.
Granite Point Mortgage reported better than expected Q3 earnings and sales, which is a positive signal for the company's financial health. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100