Granite Point Mortgage Q4 2023 Adj EPS $0.14 Beats $(0.29) Estimate, Sales $17.33M Miss $19.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Point Mortgage (NYSE:GPMT) reported Q4 2023 adjusted EPS of $0.14, surpassing the $(0.29) estimate, but missed sales estimates with $17.33M against the expected $19.65M. This represents a 17.40% decrease in sales compared to the same period last year.
February 14, 2024 | 10:05 pm
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Granite Point Mortgage reported a Q4 2023 adjusted EPS of $0.14, beating estimates, but missed on sales with $17.33M versus the expected $19.65M.
The mixed results with an earnings beat but a miss on sales forecasts could lead to a neutral short-term impact on GPMT's stock price. Investors might react positively to the earnings beat, but the sales miss and year-over-year decrease could temper optimism.
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