A stock split's main purpose is to make a company's shares more appealing to potential investors. By raising the number of outstanding shares, it improves a company's liquidity. Stock splits do not change the market value of a corporation; rather, they are a reassignment of share value by increasing the number of shares.
Invesco Mortgage Capital (NYSE:IVR) brought in sales totaling $44.28 million during Q1 according to data provided by Benzinga Pro. However, earnings decreased 253.34%, resulting in a loss of $228.42 million.
Companies Reporting Before The Bell
• Seres Therapeutics (NASDAQ:MCRB) is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million.