Granite Point Mortgage Earnings Missed Third Quarter By – Granite Point Mortgage (NYSE:) reported lower-than-expected earnings on Tuesday, beating analysts’ expectations in the third quarter.

Granite Point Mortgage announced earnings of $0.17 per share on earnings of $18.29 million. An analyst surveyed by said he forecast EPS of $0.21 on earnings of $22.16 million.

Granite Point Mortgage shares are down 48.09% year-to-date, down 48.65% from their 52-week high of $14.10 set on November 9, 2021.

Granite Point Mortgage follows other major financial sector earnings this month

Granite Point Mortgage’s report on earnings missed by Berkshire Hathaway A on Saturday, which reported EPS of $1,832 on revenue of $76.9 billion compared to forecast EPS of $4,518.39 on revenue of $74.9 billion. 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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