Invesco Mortgage Capital Earnings: Everything You Must Know Now
Invesco Mortgage Capital Inc. (NYSE:IVR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Invesco Mortgage Capital Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.72% to $0.65 in the quarter versus EPS of $0.72 in the year-earlier quarter.
Revenue: Decreased 37.71% to $92.91 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Invesco Mortgage Capital Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company beat the mean analyst estimate of $0.64. It beat the average revenue estimate of $92.44 million.
Quoting Management: “We are pleased to announce that we earned 65 cents per share in the first quarter. We are also happy with our overall progress, having closed our first residential loan securitization and having issued our first exchangeable notes,” said Richard King, President and CEO. “These steps allow us to capture new mortgage market investment opportunities and to diversify and term out funding, further strengthening Invesco Mortgage Capital.”
Key Stats (on next page)…