Investing.com – New York Mortgage unveiled its third quarter correspondents on Wednesday, numbers that are not enough for analysts’ forecasts. Revenues, meanwhile, fell short of expectations.
The company reported earnings per share of $ -0,330 and revenue of $ 11.89 million. Analysts interviewed by Investing.com had expected EPS of $ 0.025 and revenue of $ 73.16 million.
New York Mortgage shares have fallen 37%, lower than expected, since the beginning of the year, representing a decline of 33%.
With its figures, New York Mortgage joins other large financial sectors this month.
On October 14, JPMorgan reported third-quarter EPS of $ 3.12 and revenue of $ 32.7 billion, compared with forecast EPS of $ 2.92 and revenue of $ 32.13 billion.
Bank of America’s earnings topped analysts’ forecasts released on Oct. 17, with third-quarter EPS of $ 0.81 and revenues of $ 24.5 billion. Analysts interviewed by Investing.com had expected EPS of $ 0.7816 and revenue of $ 23.56 billion.
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