Ellington Financial Inc reports results for the quarter ended March 31 - Earnings Summary
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Ellington Financial Increported adjusted earnings of 39 cents per share for the quarter ended March 31, up from 28 cents a year ago, meeting analyst expectations. Revenue increased by 39.3% to $43.26 million, surpassing the expected $40.25 million. The company’s reported EPS was 35 cents, with a net income of $31.65 million. Despite a 3.8% drop in shares this quarter, the average analyst rating remains "buy" with a 12-month price target of $14.75.
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