Benzinga | Aug 5, 2020 04:44PM EDT

New York Mortgage Trust Q2 EPS $0.28 Beats $0.07 Estimate, Sales $28.53M Miss $39.66M Estimate

New York Mortgage Trust (NASDAQ:NYMT) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.07 by 300 percent. This is a 250 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $28.53 million which missed the analyst consensus estimate of $39.66 million by 28.07 percent. This is a 11.03 percent increase over sales of $25.69 million the same period last year.