Angel Oak: Q1 Earnings Snapshot
Thu, May 12, 2022 4:48 PM
STATS Perform dba Automated Insights
ATLANTA (AP) _ Angel Oak Mortgage Inc. (AOMR) on Thursday reported a loss of $43.5 million in its first quarter.
The Atlanta-based company said it had a loss of $1.77 per share. Earnings, adjusted for non-recurring costs, were $1.49 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The real estate finance company posted revenue of $27.1 million in the period.
Angel Oak shares have declined 10% since the beginning of the year.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AOMR at https://www.zacks.com/ap/AOMR