Orchid Island Capital Announces Third Quarter 2020 Results
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Orchid Island Capital (ORC) Tops Q3 EPS by 22c
October 29, 2020 5:40 PM EDTOrchid Island Capital (NYSE: ORC) reported Q3 EPS of $0.42, $0.22 better than the analyst estimate of $0.20.
Management Commentary
Commenting on the third quarter, Robert E. Cauley, Chairman and Chief Executive Officer, said, COVID-19 continues to dominate the performance of the markets and economy. While both have recovered from the depths of March, especially the financial markets, the economy continues to languish. The recovery has proven to be very uneven, with some sectors back to or near pre-pandemic levels of activity while others remain far below with little prospect for getting back to those levels soon.... More
