Two Harbors Investment Corp. Reports First Quarter 2020 Financial Results
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Two Harbors Investment (TWO) Misses Q1 EPS by 4c
May 6, 2020 4:43 PM EDTTwo Harbors Investment (NYSE: TWO) reported Q1 EPS of $0.25, $0.04 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $67.62 million versus the consensus estimate of $62.66 million.
Quarterly Summary
Experienced unprecedented market conditions stemming from the global COVID-19 pandemic. As a result, we took decisive action to reduce portfolio risk and amass a strong defensive liquidity position.Sold substantially all of our non-Agency securities, eliminating the risk of continued outsized margin calls and ongoing funding concerns associated with the significant spread widening on these... More