Ready Capital Corporation (NYSE:RC) has scheduled a conference call for 7th August 2020 at 8:30 AM Eastern Time to announce its 2Q20 financial results.
The financial results for the quarter are released after the U.S. market close on Thursday 6th August 2020
The conference call will also be webcast live under the investor relations section of the website www.readycapital.com
Quarterly Results
Ready Capital Corporation unwinded income for the second quarter of $ 0.70 per share, from the revenue of $ 19.80 million. The quarterly earnings gained 89.19 percent while revenues declined 6.95 percent compared with the same quarter last year.
Wall street analysts are predicting, RC to report 2Q20 income of $ 0.63 per share from revenue of $ 22.28 million. The bottom line results beat street analysts by $ 0.07 or 11.11 percent, at the same time, top line results fell short of analysts by $ 2.48 million or 11.13 percent.
Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through four segments: Loan Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking.
