Orchid Island Cap Q4 Adj EPS $(0.13) Beats $(0.25) Estimate, Sales $(2.79M) Beat $(10.28M) Estimate
Portfolio Pulse from mahesh@benzinga.com
Orchid Island Capital (ORC) reported Q4 adjusted EPS of $(0.13), surpassing the $(0.25) estimate, and sales of $(2.79M), exceeding the $(10.28M) estimate. This represents a significant decrease in performance compared to the same period last year.
February 01, 2024 | 9:36 pm
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Orchid Island Capital reported better-than-expected Q4 earnings and sales, but with a significant year-over-year decline.
While ORC's Q4 earnings and sales beat estimates, the substantial decrease from the previous year's performance could concern investors. The mixed results—beating estimates but with a significant decline—suggest a neutral short-term impact on the stock price as investors digest both the positive and negative aspects.
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IMPORTANCE 90
RELEVANCE 100