Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Annaly Capital Management Q4 Profit Soars

Annaly Capital Management, Inc. (NLY: Quote) reported a spike in fourth-quarter GAAP net income available to common shareholders to $700.5 million or $0.68 per share from $445.6 million or $0.44 per share in the year ago quarter. The latest quarter result reflected a total other income profit as opposed to a loss in the same period last year.

Without the effect of the unrealized gains or losses on interest rate swaps and Agency interest-only mortgage-backed securities and net loss on extinguishment of 4% Convertible Senior Notes Due 2015, net income for the quarter, was $465.1 million or $0.46 per share compared to $525.3 million or $0.54 per share in the year ago quarter.

Net interest income for the quarter declined to $571.17 million from $717.56 million in the prior year.

Total other for the quarter was $163.28 million, compared to a loss of $191.61 million in the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Click here to receive FREE breaking news email alerts for Annaly Capital Management Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.