Investing.com - Angel Oak Mortgage reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Angel Oak Mortgage announced earnings per share of $0.84 on revenue of $17.83M. Analysts polled by Investing.com anticipated EPS of $0.46 on revenue of $18.89M.
Angel Oak Mortgage shares are down 35% from the beginning of the year, still down 53.55% from its 52 week high of $18.73 set on November 8, 2021.
Angel Oak Mortgage shares lost 6.35% in intra-day trade following the report.
Angel Oak Mortgage follows other major Financial sector earnings this month
Angel Oak Mortgage's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on October 14 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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