(Updates with stock price movement in the headline and the first paragraph.)
Ready Capital (RC) shares plunged over 27% in recent trading on Monday after the company's Q4 revenue missed analysts' expectations.
The company reported a Q4 loss from continuing operations of $1.80 per diluted share, swinging from earnings of $0.12 a year earlier.
No analyst estimates were available for comparison.
Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and total noninterest income, was $77.1 million, compared with $112.6 million a year earlier.
Three analysts surveyed by FactSet expected $97.4 million.
Price: 5.05, Change: -1.88, Percent Change: -27.14
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