Investing.com - Granite Point Mortgage reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Granite Point Mortgage announced earnings per share of $0.17 on revenue of $18.29M. Analysts polled by Investing.com anticipated EPS of $0.21 on revenue of $22.16M.
Granite Point Mortgage shares are down 48.09% from the beginning of the year and are trading at $7.24 , down-from-52-week-high.
Granite Point Mortgage follows other major Financial sector earnings this month
Granite Point 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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