logo
Share SHARE
FONT-SIZE Plus   Neg

Annaly Capital Management Q4 Profit Soars

Annaly Capital Management, Inc. (NLY) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
German lender Commerzbank AG on Friday forecast a net loss for the second quarter of 2017, citing higher than expected restructuring charges related to the implementation of Commerzbank 4.0 strategy. Despite the higher restructuring charges, Commerzbank added that it does not expect to report a negative net result for financial year 2017. Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC.
comments powered by Disqus
Follow RTT