Orchid Island Capital (ORC) Misses Q3 EPS by 10c

Orchid Island Capital (NYSE: ORC) reported Q3 EPS of $0.33, $0.10 worse than the analyst estimate of $0.43.

Third Quarter 2017 Highlights

• Net income of $15.2 million, or $0.33 per common share, which consists of:- Net interest income of $26.3 million, or $0.58 per common share- Total expenses of $2.9 million, or $0.06 per common share- Net realized and unrealized losses of $8.3 million, or $0.18 per share, on RMBS and derivative instruments
• Third quarter total dividends declared and paid of $0.42 per common share
• Book value per share of $9.15 at September 30, 2017
• 3.7% economic gain on common equity for the quarter, or 14.7% annualized, comprised of $0.42 dividend per common share and $0.08 decrease in net book value per common share, divided by beginning book value per share
• Company to discuss results on Friday, October 27, 2017, at 10:00 AM ET
• Supplemental materials to be discussed on the call can be downloaded from the Company’s website

For earnings history and earnings-related data on Orchid Island Capital (ORC) click here.

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