Earnings Scheduled For February 23, 2023
Companies Reporting Before The Bell
• ChipMOS TECHNOLOGIES (NASDAQ:IMOS) is likely to report earnings for its fourth quarter.
These 3 REITs Are Diving To New 12-Month Lows
Real estate investment trusts (REITs) continue to weaken, with a number of them hitting new 12-month lows.
These reflect the negative effects on the market of the higher interest rates that the Federal Reserve is pursuing. Other factors are at work, but this is a rate-sensitive group and they’re feeling the pain.
REITs Hit New 52-Week Lows This Week As Sector Slide Continues
Weakness in the real estate investment trust (REIT) sector continues as investors dump shares.
The relentless selling this week was enough to take these three REITs to new 52-week lows. It’s not a bullish sign for the group that the trend seems to be irretrievably downward this year.
UPDATE: Granite Point Mortgage Q3 Adj. EPS $0.17 Misses $0.21 Estimate
Granite Point Mortgage (NYSE:GPMT) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.21 by 19.05 percent. This is a 88.89 percent increase over earnings of $0.09 per share
Earnings Scheduled For November 8, 2022
Companies Reporting Before The Bell
• Adtran (NASDAQ:ADTN) is likely to report quarterly earnings at $0.18 per share on revenue of $330.39 million.
Stocks That Hit 52-Week Lows On Monday
During Monday's trading, 528 companies set new 52-week lows.