Shares of New York Mortgage Trust Inc. (NYMT) soared by 5.18% on October 31, 2024, driven by the company's impressive third-quarter earnings report for the period ended September 30, 2024.
The real estate investment trust (REIT) reported earnings of $0.36 per share, a remarkable 3500% beat over the consensus estimate of $0.01. Despite slightly missing revenue expectations, NYMT's substantial earnings surprise overshadowed the revenue shortfall, fueling investor enthusiasm and propelling the stock's sharp upward movement.
The company's strong financial performance, with a net income of $32.41 million for the quarter, showcased its ability to generate higher profitability, prompting investors to focus on the positive earnings beat. The stellar results provided a much-needed boost to the stock, which had previously faced challenges, falling by 14.1% in the preceding quarter and 36.2% year-to-date.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。