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Shares of Ready Capital (NYSE:RC) were unchanged in after-market trading after the company reported Q3 results.
Quarterly Results
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Earnings per share rose 42.50% year over year to $0.57, which beat the estimate of $0.36.
Revenue of $17,251,000 declined by 15.16% year over year, which missed the estimate of $23,780,000.
Looking Ahead
Ready Capital hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $16.90
Company's 52-week low was at $3.92
Price action over last quarter: Up 25.20%
Company Overview
Ready Capital Corp is a real estate finance company. It acquires, manages, originates and finances small balance commercial loans to purchase small multi-family, office, retail, mixed-use or warehouse properties. The company's segments consist of Loan Acquisitions, SBC Originations, SBA Originations, Acquisitions and Servicing, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.