Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates
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Granite Point Mortgage Trust (GPMT) reported a Q3 loss of $0.04 per share, which was better than the expected loss of $0.96 per share. This is a decrease from the $0.18 earnings per share reported a year ago.
November 07, 2024 | 1:00 am
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Granite Point Mortgage Trust reported a smaller-than-expected Q3 loss of $0.04 per share, outperforming the anticipated $0.96 loss. This is a significant improvement over expectations but a decline from last year's $0.18 EPS.
The better-than-expected earnings report is likely to have a positive short-term impact on GPMT's stock price as it shows the company is performing better than analysts anticipated. However, the year-over-year decline in EPS may temper some of the positive sentiment.
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