Stock Track | New York Mortgage Trust Surges 9% on Stellar Q3 Earnings Beat

Stock Track10-31

Shares of New York Mortgage Trust (NASDAQ:NYMT) soared by 9.46% in after-hours trading on Tuesday, following the company's impressive third-quarter earnings report. The real estate investment trust (REIT) posted a significant earnings beat, outperforming analysts' expectations by a wide margin.

For the quarter ended September 30, 2024, NYMT reported earnings of $0.36 per share, beating the consensus estimate of $0.01 by a staggering 3500%. The company's net income for the quarter stood at $32.41 million, showcasing its strong financial performance during the period.

While NYMT missed revenue estimates slightly, reporting $20.237 million compared to the expected $21.462 million, the substantial earnings beat overshadowed this shortfall. Investors appeared to focus on the company's ability to generate higher profitability, driving the stock's sharp upward movement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1140854804?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 15:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1140854804","market":"hk","top_or_hot":-1,"title":"Stock Track | New York Mortgage Trust Surges 9% on Stellar Q3 Earnings Beat","media":"Stock Track","content":"<p>Shares of New York Mortgage Trust (NASDAQ:NYMT) soared by 9.46% in after-hours trading on Tuesday, following the company's impressive third-quarter earnings report. The real estate investment trust (REIT) posted a significant earnings beat, outperforming analysts' expectations by a wide margin.</p>\n\n<p>For the quarter ended September 30, 2024, NYMT reported earnings of $0.36 per share, beating the consensus estimate of $0.01 by a staggering 3500%. The company's net income for the quarter stood at $32.41 million, showcasing its strong financial performance during the period.</p>\n\n<p>While NYMT missed revenue estimates slightly, reporting $20.237 million compared to the expected $21.462 million, the substantial earnings beat overshadowed this shortfall. Investors appeared to focus on the company's ability to generate higher profitability, driving the stock's sharp upward movement.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | New York Mortgage Trust Surges 9% on Stellar Q3 Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | New York Mortgage Trust Surges 9% on Stellar Q3 Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-31 15:39 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of New York Mortgage Trust (NASDAQ:NYMT) soared by 9.46% in after-hours trading on Tuesday, following the company's impressive third-quarter earnings report. The real estate investment trust (...</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":"1140854804","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140854804","pubTimestamp":1730360342,"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  soared by 9.46% in after-hours trading on Tuesday, following the company's impressive third-quarter earnings report. The real estate investment trust  posted a significant earnings beat, outperforming analysts' expectations by a wide margin.For the quarter ended September 30, 2024, NYMT reported earnings of $0.36 per share, beating the consensus estimate of $0.01 by a staggering 3500%. The company's net income for the quarter stood at $32.41 million, showcasing","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NYMT":"纽约抵押信托"},"translate_title":"股票追踪纽约抵押贷款信托公司因第三季度盈利出色而飙升9%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYMT":1},"content_text":"Shares of New York Mortgage Trust (NASDAQ:NYMT) soared by 9.46% in after-hours trading on Tuesday, following the company's impressive third-quarter earnings report. The real estate investment trust (REIT) posted a significant earnings beat, outperforming analysts' expectations by a wide margin.\nFor the quarter ended September 30, 2024, NYMT reported earnings of $0.36 per share, beating the consensus estimate of $0.01 by a staggering 3500%. The company's net income for the quarter stood at $32.41 million, showcasing its strong financial performance during the period.\nWhile NYMT missed revenue estimates slightly, reporting $20.237 million compared to the expected $21.462 million, the substantial earnings beat overshadowed this shortfall. Investors appeared to focus on the company's ability to generate higher profitability, driving the stock's sharp upward movement.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1140854804"}