U.S. markets closed
  • S&P 500

    4,395.64
    +41.45 (+0.95%)
     
  • Dow 30

    34,258.32
    +338.48 (+1.00%)
     
  • Nasdaq

    14,896.85
    +150.45 (+1.02%)
     
  • Russell 2000

    2,218.56
    +32.38 (+1.48%)
     
  • Crude Oil

    71.99
    +1.50 (+2.13%)
     
  • Gold

    1,768.50
    -9.70 (-0.55%)
     
  • Silver

    22.69
    +0.08 (+0.37%)
     
  • EUR/USD

    1.1689
    -0.0041 (-0.35%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • GBP/USD

    1.3622
    -0.0042 (-0.31%)
     
  • USD/JPY

    109.7350
    +0.5150 (+0.47%)
     
  • BTC-USD

    43,463.76
    +2,503.29 (+6.11%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

AG Mortgage Investment: Q2 Earnings Insights

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of AG Mortgage Investment (NYSE:MITT) moved higher by 2.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 122.50% over the past year to ($0.09), which missed the estimate of $0.04.

Revenue of $4,756,000 decreased by 71.39% year over year, which missed the estimate of $10,290,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 10, 2020

View more earnings on MITT

Time: 08:30 AM

ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=90A9E66D-0C70-415A-9E1D-985413EB1EEE&LangLocaleID=1033

Recent Stock Performance

52-week high: $16.70

Company's 52-week low was at $1.46

Price action over last quarter: down 43.56%

Company Profile

AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities, and financial assets, which the company refers to as its target assets. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.