Lument Finance Trust Q2 2024 Adj. EPS $0.09 Misses $0.11 Estimate, Sales $9.523M Up From $7.509M YoY
Portfolio Pulse from Benzinga Newsdesk
Lument Finance Trust (NYSE:LFT) reported Q2 2024 adjusted EPS of $0.09, missing the analyst estimate of $0.11. However, sales increased by 26.82% year-over-year to $9.523 million.
August 12, 2024 | 8:58 pm
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Lument Finance Trust reported Q2 2024 EPS of $0.09, missing the $0.11 estimate, but sales increased by 26.82% YoY to $9.523M.
The EPS miss is likely to negatively impact the stock price in the short term, despite the positive sales growth. Investors often react more strongly to earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100