NEW YORK (AP) — NEW YORK (AP) — New York Mortgage Trust Inc. (NYMT) on Wednesday reported third-quarter profit of $42.8 million.
On a per-share basis, the New York-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The real estate investment trust posted revenue of $108.4 million in the period. Its adjusted revenue was $20.2 million, missing Street forecasts. Three analysts surveyed by Zacks expected $22.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYMT at https://www.zacks.com/ap/NYMT
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