Hatteras Financial Corp (NYSE:HTS) 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.
Hatteras Financial Corp Earnings Cheat Sheet
Revenue: Decreased 38.24% to $71.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hatteras Financial Corp beat the average revenue estimate of $39.96 million.
Quoting Management: “We are pleased with the company’s results,” said Michael R. Hough, the Company’s Chief Executive Officer “and are satisfied with the portfolio moves made in the fourth quarter and any impact it may have in the near term.”
Key Stats (on next page)…
Revenue decreased 58.2% from $170.83 million in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)