Ellington Credit (EARN) Q3 Earnings and Revenues Surpass Estimates

Ellington Credit (EARN) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +15.00%. A quarter ago, it was expected that this residential mortgage real estate investment trust would post earnings of $0.21 per share when it actually produced earnings of $0.18, delivering a surprise of -14.2 ...