Ellington Credit Q2 2024 Adj EPS $0.36 Beats $0.28 Estimate, Sales $3.90M Miss $4.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ellington Credit (NYSE:EARN) reported Q2 2024 adjusted EPS of $0.36, beating the analyst estimate of $0.28. However, sales were $3.90 million, missing the $4.13 million estimate.
August 12, 2024 | 9:47 pm
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Ellington Credit's Q2 2024 adjusted EPS of $0.36 beat the analyst estimate of $0.28, but sales of $3.90 million missed the $4.13 million estimate.
The beat on EPS is a positive indicator of profitability, but the miss on sales suggests potential issues with revenue generation. The mixed results may lead to neutral short-term price movement as investors weigh the positive EPS against the negative sales performance.
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