Orchid Island Cap Q3 2024 Adj. EPS $(0.05) Beats $(0.07) Estimate, Sales $340.000K Beat $(1.403M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Orchid Island Capital (NYSE:ORC) reported better-than-expected Q3 2024 results with an adjusted EPS of $(0.05), beating the $(0.07) estimate, and sales of $340,000, surpassing the $(1.403 million) estimate. This marks a significant improvement from the previous year's sales.
October 24, 2024 | 8:37 pm
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Orchid Island Capital reported Q3 2024 adjusted EPS of $(0.05), beating the $(0.07) estimate, and sales of $340,000, exceeding the $(1.403 million) estimate. This represents a significant improvement from the previous year's sales.
The better-than-expected earnings and sales figures are likely to positively impact ORC's stock price in the short term. The significant improvement in sales compared to the previous year further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100