Stock Track | Federal Agricultural Mortgage Plummets 7.05% Intraday After Q4 Earnings Miss Estimates

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Federal Agricultural Mortgage (AGM) stock plummeted 7.05% during intraday trading on Friday, following the release of its quarterly earnings report.

The agricultural lender reported adjusted earnings of $3.66 per share for the quarter ended December 31, which fell short of the average analyst estimate of $4.55 per share. This represents a significant earnings miss compared to Wall Street expectations.

While the company's revenue increased 10.2% year-over-year to $107.46 million, matching analyst projections, the disappointing bottom-line performance appears to have driven the stock's downward movement.

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