Manhattan Bridge Capital, Inc. Reports Third Quarter 2024 Results
Manhattan Bridge Capital, Inc (LOAN)
US:NASDAQ Investor Relations:
manhattanbridgecapital.com/investor_relations.html
Company Research
Source: GlobeNewswire
GREAT NECK, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its net income for the three months ended September 30, 2024 was approximately $1,399,000, or $0.12 per basic and diluted share (based on approximately 11.4 million weighted-average outstanding common shares), as compared to approximately $1,446,000, or $0.13 per basic and diluted share (based on approximately 11.5 million weighted-average outstanding common shares), for the three months ended September 30, 2023, a decrease of $47,000, or 3.3%. This decrease is primarily attributable to a decrease in revenue, partially offset by a decrease in interest expense. Total revenues for the three months ended September 30, 2024 were approximately $2,313,000 compared to approximately $2,434,000 for the three months ended September 30, 2023, a decrease of $121,000 or 5.0%. The decrease in revenue was due to a reduction in loans receivable, period over period,
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- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital Third Quarter 2024 Earnings: EPS: US$0.12 (vs US$0.13 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Manhattan Bridge Capital GAAP EPS of $0.12, revenue of $2.31M [Seeking Alpha]Seeking Alpha