Granite Point Mortgage: Q3 Earnings Insights - Granite Point Mortgage (NYSE:GPMT)

Granite Point Mortgage GPMT reported its Q3 earnings results on Tuesday, November 7, 2023 at 04:30 PM.

Here's what investors need to know about the announcement.

Granite Point Mortgage beat estimated earnings by 38.46%, reporting an EPS of $0.18 versus an estimate of $0.13.

Revenue was up $1.62 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 2.62% drop in the share price the next day.

Here's a look at Granite Point Mortgage's past performance:

Quarter	Q2 2023	Q1 2023	Q4 2022	Q3 2022
EPS Estimate	0.14	0.16	-0.17	0.21
EPS Actual	0.20	0.20	-0.16	0.17
Revenue Estimate	20.95M	20.83M	18.84M	22.16M
Revenue Actual	21.84M	22.91M	20.98M	18.29M

To track all earnings releases for Granite Point Mortgage visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.