Benzinga | Aug 7, 2020 09:04AM EDT

Colony Credit Real Estate Q2 Adj. EPS $0.26 Beats $0.18 Estimate, Sales $60.30M Miss $79.20M Estimate

Colony Credit Real Estate (NYSE:CLNC) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.18 by 44.44 percent. This is a 33.33 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $60.30 million which missed the analyst consensus estimate of $79.20 million by 23.86 percent. This is a 32.34 percent decrease over sales of $89.13 million the same period last year.