Two Harbors Inv Q3 2024 Adj. EPS $0.13 Misses $0.34 Estimate, Sales $(42.289M) Miss $(34.382M) Estimate
Portfolio Pulse from Benzinga Newsdesk
Two Harbors Investment Corp (NYSE:TWO) reported Q3 2024 earnings per share of $0.13, missing the analyst estimate of $0.34 by 61.76%. Sales were $(42.289M), also missing the estimate of $(34.382M) by 23%. Despite the miss, sales improved by 14.54% from the previous year.
October 28, 2024 | 8:22 pm
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NEGATIVE IMPACT
Two Harbors Investment Corp reported disappointing Q3 2024 results with EPS and sales missing analyst estimates. However, sales showed a year-over-year improvement.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year improvement in sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100