Ellington Residential Mortgage REIT-Ellington Credit (EARN) Q2 Earnings Surpass Estimates

Ellington Credit (EARN) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of$ 0.24 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this residential mortgage real estate investment trust would post earnings of$ 0.24 per share when it actually produced earnings of $0.27, delivering a surprise of 12.50%. ...