Investing.com - Newtek reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Newtek announced earnings per share of $0.62 on revenue of $23.58M. Analysts polled by Investing.com EPS of $0.65 on revenue of $20.94M.
Newtek 's are up 19.33% and is trading at $16.26 , still down 49.78% from its 52 week high of $32.38 set on Monday, November 8, 2021.
Newtek follows other major Financial sector earnings this month
Newtek's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on Friday, October 14, 2022 with third quarter EPS of $3.12 on revenue of $32.72B, for EPS of $2.92 on revenue of $32.13B.
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