Investing.com – The New York Mortgage reported third-quarter earnings that disappointed analysts’ expectations Wednesday and lower-than-expected revenues.
The company reported earnings per share of $ -0,330 on revenues of $ 11.89 million. Analysts interviewed by Investing.com had expected EPS of $ 0.025 on revenue of $ 73.16 million.
New York Mortgage shares have fallen 37% since the beginning of the year, underperforming those that have fallen 33% year to date.
New York Mortgage follows other financial firms that reported results this month.
On October 14, JPMorgan announced third-quarter EPS of $ 3.12 on revenue of $ 32.7 billion, compared to the expected EPS of $ 2.92 on revenue of $ 32.13 billion.
Bank of America results exceeded consensus expectations on October 17, with third-quarter EPS of $ 0.81 on revenue of $ 24.5 billion. Analysts interviewed by Investing.com expected EPS of $ 0.7816 on revenue of $ 23.56 billion
