Two Harbors Inv Q2 2024 Adj. EPS $0.17 Misses $0.32 Estimate, Sales $(38.254M) Miss $(26.769M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Two Harbors Investment Corp (NYSE:TWO) reported Q2 2024 adjusted EPS of $0.17, missing the $0.32 estimate. Sales were $(38.254M), also missing the $(26.769M) estimate.
July 30, 2024 | 9:07 pm
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Two Harbors Investment Corp (NYSE:TWO) reported Q2 2024 adjusted EPS of $0.17, missing the $0.32 estimate by 46.88%. Sales were $(38.254M), missing the $(26.769M) estimate by 42.90%.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. Despite the improvement over the same period last year, the market typically reacts unfavorably to such large misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100