Arlington Asset Inv Q3 Adj $0.07, Inline, Sales $4.82M Miss $5.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arlington Asset Inv (NYSE:AAIC) reported Q3 adjusted earnings of $0.07 per share, meeting analyst estimates but marking a 36.36% decrease from the previous year. Quarterly sales were $4.82M, missing the $5.73M estimate by 15.95% and showing a 27.55% decrease from the prior year.
November 13, 2023 | 10:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Arlington Asset Inv reported Q3 earnings in line with estimates but saw a significant decrease in earnings and sales compared to last year, missing revenue estimates.
The reported earnings were in line with expectations, which typically would not move the stock price significantly. However, the miss on revenue estimates and the year-over-year decline in both earnings and sales are negative indicators that could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100