Annaly: 2Q Earnings Snapshot
NEW YORK (AP) _ Annaly Capital Management Inc. (NLY) on Wednesday reported second-quarter net income of $595.9 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 49 cents per share. Earnings, adjusted for non-recurring gains, were 30 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The real estate investment trust posted revenue of $776.8 million in the period. Its adjusted revenue was $334.1 million.
Annaly shares have declined 12 percent since the beginning of the year. The stock has fallen 13 percent in the last 12 months.