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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。