Sachem Capital Corp. (SACH) reported earnings for its first quarter that increased from last year but missed the Street estimates.
The company's earnings came in at $4.24 million, or $0.10 per share. This compares with $2.04 million, or $0.05 per share, last year.
Excluding items, Sachem Capital Corp. reported adjusted earnings of $6.39 million or $0.14 per share for the period.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.5% to $320.89 million from $290.50 million last year.
Sachem Capital Corp. earnings at a glance (GAAP) :
-Earnings: $4.24 Mln. vs. $2.04 Mln. last year.
-EPS: $0.10 vs. $0.05 last year.
-Revenue: $320.89 Mln vs. $290.50 Mln last year.
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