New Residential Investment Corp. (NRZ) 2Q20 Adjusted Earnings Beat Market Expectation

New Residential Investment Corp. (NYSE:NRZ) came out with its second quarter earnings results on Wednesday 22nd July 2020 before market open.

The real estate investment trust, reported $ 0.02 loss per share for the second quarter

On adjusted basis, New Residential Investment Corp. reported income for the quarter of $ 0.34 per share, beat the consensus estimate of $ 0.31 income per share by $ 0.03 or 9.68 percent.

The firm had revenue of $ 115.80 million for the quarter, compared to the consensus estimate of $ 111.13 million. The revenues outshined analysts estimates by $ 4.67 million or 4.20 percent.

The financial report showed revenues down 38.42 percent versus second quarter of last year.

Analysts estimates are from Thompson Reuters, exclude one time gain or loss

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