-- Adamas Trust (ADAM) shares were up 16.4% in Thursday trading after the real estate investment trust posted better-than-expected Q1 earnings.
The company reported earnings of $0.40 per diluted share, compared with $0.33 a year ago.
Analysts polled by FactSet expected $0.12.
Revenue for the quarter ended March 31, expressed as the sum of total net interest income and total other income, was $129.4 million, compared with $65.1 million a year earlier.
A comparable FactSet estimate was not available.
Price: $9.00, Change: $+1.25, Percent Change: +16.06%