FX.co ★ Blackstone Mortgage Trust Inc. Q4 Loss decreases, but misses estimates

Blackstone Mortgage Trust Inc. (BXMT) recently reported a loss for the final quarter, which, despite being less than the previous year, fell short of market expectations.

The firm recorded a loss of $2.376 million, or $0.01 per share. This is a significant decrease when compared to the preceding year's fourth quarter, where the loss was notably higher at $47.540 million or $0.28 per share.

Despite the substantial decrease, market analysts had projected the company would earn $0.62 per share, according to data collected by Thomson Reuters. It's worth noting that these estimates generally exclude any special items.

To summarise Blackstone Mortgage Trust Inc.'s earnings based on GAAP (Generally Accepted Accounting Principles):

The fourth quarter earnings resulted in a loss of $2.376 million, compared to a loss of $47.540 million the previous year. The loss per share in the fourth quarter was $0.01, a significant improvement from the $0.28 per share loss the previous year. The analyst estimates stood at an earning of $0.62 per share.