Two Harbors Investment (TWO) Tops Q3 EPS by 1c

Two Harbors Investment (NYSE: TWO) reported Q3 EPS of $0.48, $0.01 better than the analyst estimate of $0.47.

“The third quarter was highlighted by our strong Core Earnings results as well as the closing of the acquisition of CYS Investments,” stated Thomas Siering, Two Harbors’ President and Chief Executive Officer. “This acquisition was a milestone for our company: we grew our market capitalization and equity base, increased the liquidity of our stock and expect our expense ratio to decrease. We believe that our enhanced scale supports growth in our target assets, including MSR and non-Agencies, and expect that these assets will deliver better long-term returns, with less volatility, compared to an Agency-only strategy.”

For earnings history and earnings-related data on Two Harbors Investment (TWO) click here.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Check Point Software Technology (CHKP) Tops Q1 EPS by 3c
• Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'