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Why Shares of Two Harbors Fell Today

TheMotleyFool

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Why Shares of Two Harbors Fell TodayPhoto, wide shot, wide-angle lens, Private equity firm, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/11edc0a6-edfc-46d1-baee-abd4f510abd1.png

Shares of Two Harbors Investment (NYSE: TWO) fell 12.6% today after the company reported earnings results for the first quarter of the year.

Two Harbors, a mortgage servicing real estate investment trust (REIT), reported a nearly $223 million profit in the first quarter, or $0.81 earnings per share (EPS), up from $192.2 million in the first quarter of 2020.

Core earnings of $0.17 EPS, however, which excludes realized and unrealized gains and losses, declined from the first quarter of 2020 and missed analysts' expectations. The book value, or equity, of the company ended the quarter at $7.29 per share, down 2.2% from the previous quarter.

Source Fool.com

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