Recap: Two Harbors Investment Q4 Earnings

Shares of Two Harbors Investment TWO moved higher in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 20.00% over the past year to $0.30, which beat the estimate of $0.23.

Revenue of $49,859,000 decreased by 29.93% year over year, which missed the estimate of $59,650,000.

Guidance

Two Harbors Investment hasn't issued any earnings guidance for the time being.

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

Price Action

Company's 52-week high was at $15.85

52-week low: $2.25

Price action over last quarter: Up 20.99%

Company Profile

Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.