Stock Track | New York Mortgage Trust Surges on Stellar Q3 Earnings Beat

Stock Track10-31

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.

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(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.\nThe real ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYMT","symbol_name":"纽约抵押信托","start_time":0,"source_url":"","article_id":"1111793684","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111793684","pubTimestamp":1730382073,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of New York Mortgage Trust Inc.  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  reported earnings of $0.36 per share, a remarkable 3500% beat over the consensus estimate of $0.01. 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