Ellington Financial Inc. (NYSE:EFC) headquartered in Old Greenwich, will host a conference call for the investment community to discuss the 2Q20 earnings result on 7th August 2020 at 11:00 AM Eastern Time.
The company disclosed financial results after close of U.S. markets on Thursday 6th August 2020
Those interested in listening to the conference call live via the Internet can visit www.ellingtonfinancial.com
Quarterly Results
Ellington Financial Inc. disclosed income for the second quarter of $ 0.39 per share, from the revenue of $ 24.59 million. The quarterly earnings fell 15.22 percent while revenues increased 30.52 percent compared with the same quarter last year.
According to street consensus, EFC was expected to report 2Q20 income of $ 0.27 per share from revenue of $ 21.94 million. The bottom line results beat street analysts by $ 0.12 or 44.44 percent, at the same time, top line results outshined analysts by $ 2.65 million or 12.08 percent.
Ellington Financial Inc., through its subsidiary Ellington Financial Operating Partnership LLC, acquire and manage mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime residential mortgage loans; RMBS for which the principal and interest payments are guaranteed by the U.S. government agency or the U.S.
