ARMOUR Residential REIT Q1 Adj $0.82 Misses $0.97 Estimate, Sales $5.30M Miss $65.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
ARMOUR Residential REIT (NYSE:ARR) reported Q1 adjusted earnings of $0.82 per share, missing the $0.97 estimate, and sales of $5.30M, far below the $65.82M estimate. This represents a significant decrease in both earnings and sales from the same period last year.
April 25, 2024 | 8:55 pm
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NEGATIVE IMPACT
ARMOUR Residential REIT reported significantly lower Q1 earnings and sales than expected, missing analyst estimates.
The substantial miss in both earnings per share and sales compared to analyst estimates, along with a significant year-over-year decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100