Angel Oak Mortgage Outperforms, Declines in Third Quarter

Investing.com – Angel Oak Mortgage reported lower-than-expected earnings on Tuesday, beating analyst estimates for the third quarter.

Angel Oak Mortgage reported earnings per share of $0.84 on earnings of $17.83 million. An analyst surveyed by Investing.com said he forecast EPS of $0.46 on earnings of $18.89 million.

Angel Oak Mortgage shares are down 35% year-to-date and down 53.55% from their 52-week high of $18.73 set on November 8, 2021.

Angel Oak Mortgage shares fell 6.35% in intraday trading following the report.

Angel Oak Mortgage follows other major financial sector earnings this month

Angel Oak Mortgage reported earnings of $1,832 on revenue of $76.9 billion compared to forecast EPS of $4,518.39 on revenue of $74.9 billion on Saturday Berkshire Hathaway A missed earnings It’s what follows.

JP Morgan beat expectations on Oct. 14 with third-quarter EPS of $32.12 and earnings of $3.272 billion.

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