Armour Residential (ARR) revises last night's earnings release, saying core EPS of $0.18 should...

Armour Residential (ARR) revises last night's earnings release, saying core EPS of $0.18 should actually have been $0.20, and GAAP EPS of $0.27 should have been $0.29. The total income wasn't changed, just the per share amounts. Stock's off 1.9% premarket, inline with sizable drops in most mREITs following the AGNC loss.

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Comments (4)
  • speculative
    , contributor
    Comments (1641) | Send Message
    Wasn't this expected since they did the offering recently? How would ARR have fared if the offering didn't take place? This would be the best method to really see what the per share earnings would have been instead of the diluted amount.
    3 May 2013, 09:23 AM Reply Like
  • CincinnatiRick
    , contributor
    Comments (766) | Send Message
    The pre-dilution shares are not available for purchase. Going forward, we must deal with things as they are, not as they might have been.
    3 May 2013, 11:15 AM Reply Like
  • cweby
    , contributor
    Comments (55) | Send Message
    i think some of the investors may be kidding themselves, All you have to do is look AT THEIR ANNUAL Report and it will show that over the past year ARR initiated offering in each month and that this pattern is likely to occurr in future months or years , A year from now when the price is at a $1, you may want to think back to this article. By nthe way the annual report inidcated that the Board and other key managment personnel get 1.5% of any stock offerring , so now maybe you might understand what is occuring. Good Luck-I got out
    4 May 2013, 07:01 AM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
    I'm out to, very risky
    5 May 2013, 11:33 AM Reply Like
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