Granite Point Mortgage (NYSE:GPMT) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.21 by 19.05 percent. This is a 88.89 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $18.29 million which missed the analyst consensus estimate of $22.16 million by 17.45 percent. This is a 17.23 percent decrease over sales of $22.10 million the same period last year.
Fed’s Preferred Inflation Measure Comes In Higher Than Expected: What You Need To Know
The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.5% on Friday morning after the Bureau of Economic Analysis reported a 6.8% increase in the personal consumption expenditures price index in the month of June, the
