NEW YORK (AP) — NEW YORK (AP) — Ready Capital Corporation (RC) on Thursday reported first-quarter profit of $79.5 million.
On a per-share basis, the New York-based company said it had net income of 46 cents. Earnings, adjusted for non-recurring gains, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The real estate investment trust posted revenue of $155 million in the period. Its adjusted revenue was $14.5 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $55.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RC at https://www.zacks.com/ap/RC
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