Adamas Trust Reports Q2 Non-GAAP EPS of $0.30, Slightly Exceeding Estimates
Adamas Trust (ADAM) reported its second-quarter financial results, highlighting a Non-GAAP earnings per share (EPS) of $0.30. This figure represents a slight beat of $0.01 against market expectations. Despite the EPS beat, the company faced significant declines in key valuation metrics. The quarterly economic return was reported at -19.00%, while the economic return on adjusted book value fell to -16.92%. Additionally, the book value per share decreased by 21.9% quarter-over-quarter to $7.93.
Tickers: $ADAMZ