Recap: Two Harbors Inv Q4 Earnings
Portfolio Pulse from Benzinga Insights
Two Harbors Investment Corp. (TWO) reported Q4 earnings with an EPS of $-0.11, missing estimates by 83.33% compared to the expected $-0.06. Revenue also declined from the same period last year by $29.36 million. Despite missing EPS last quarter, TWO's share price increased by 15.52% the following day.
January 29, 2024 | 9:20 pm
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Two Harbors Investment Corp. reported a significant miss in Q4 earnings and a decrease in revenue compared to last year, which could negatively impact investor sentiment.
The substantial miss in earnings expectations and the decline in revenue are likely to be viewed negatively by investors, potentially leading to a decrease in stock price in the short term. However, the previous quarter's miss was followed by a share price increase, which adds some uncertainty to the forecast.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100