AG Mortgage Investment Trust's Q2 Non-GAAP Earnings Increase-March 2024-www.financetom.com

AG Mortgage Investment Trust's Q2 Non-GAAP Earnings Increase

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AG Mortgage Investment Trust's Q2 Non-GAAP Earnings Increase

Aug 2, 2024 9:24 AM

12:07 PM EDT, 08/02/2024 (MT Newswires) -- AG Mortgage Investment Trust ( MITT/PA ) shares were down nearly 8% in recent Friday trading after the company posted its Q2 results.

The company reported Q2 non-GAAP earnings Friday of $0.21 per diluted share, up from $0.08 a year earlier.

Analysts polled by Capital IQ expected $0.20.

Net interest income for the quarter ended June 30 was $16.4 million compared with $11.4 million a year earlier.

Analysts surveyed by Capital IQ expected $17 million.

Price: 7.01, Change: -0.59, Percent Change: -7.76

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