Cherry Hill Mortgage Earnings, Earnings Beaten in Third Quarter by – Cherry Hill Mortgage (NYSE:) reported better-than-expected earnings for the third quarter on Tuesday, beating analyst expectations.

Cherry Hill Mortgage announced earnings per share of $1.90 and earnings of $53.73 million. An analyst surveyed by said he forecast EPS of $0.28 on earnings of $11.64 million.

Cherry Hill Mortgage shares are down 30.23% year-to-date and down 37.49% from their 52-week high of $9.23 set on November 9, 2021.

Cherry Hill mortgages follow other major financial sector earnings this month

Cherry Hill Mortgage reported on Oct. 14 that JP Morgan reported EPS of $3.12 on $3.27 billion in revenue, compared to forecast EPS of $2.92 on $3.213 billion in revenue. It’s what follows.

Bank of America beat its October 17 forecast with EPS of $0.81 and revenue of $24.5 billion in the third quarter compared to its EPS forecast of $0.7816 and revenue of $2.356 billion.

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