Orchid Island Cap Q2 Adj. EPS $0.35 Beats $0.29 Estimate, Sales $59.972M Beat $52.881M Estimate
Orchid Island Cap (NYSE:ORC) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.29 by 20.69 percent. This is a 118.75 percent increase over earnings of $0.16 per share from
Orchid Island Capital made more money than experts thought it would—earning $0.35 per share instead of the expected $0.29, and sales were also bigger than predicted. When a company beats what people expected, it might mean the company is running well and people feel better about owning it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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