Ladder Capital Corp. (LADR) announced earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $31.4 million, or $0.25 per share. This compares with $19.2 million, or $0.15 per share, last year.
Analysts on average had expected the company to earn $0.28 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.5% to $119.5 million from $121.3 million last year.
Ladder Capital Corp. earnings at a glance (GAAP) :
-Earnings: $31.4 Mln. vs. $19.2 Mln. last year.-EPS: $0.25 vs. $0.15 last year.-Revenue: $119.5 Mln vs. $121.3 Mln last year.
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