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
Philips Lighting, the splinter group of Dutch consumer electronics giant Philips, saw its shares rally around 8.50 percent on its debut on Friday at the Amsterdam stock exchange. The shares are currently at 21.70 euros, above its set pricing of 20 euros per share. Goldman Sachs is changing the way it reviews the performance of its some 36,500 employees, media reported Thursday, citing two company wide memos. The bank, considered to be a forerunner in formulating employee compensation policy, is looking to scrap a system that rated employees on a scale of 1 to 9. The system is considered to grind down employee morale. Taiwanese electronics assembler Foxconn Technology Group has replaced 60,000 workers at a factory in China with robots, according to a report in the South China Morning Post. However, the company, which is a major supplier to Apple and Samsung, expects to maintain a significant workforce in China.
comments powered by Disqus
Follow RTT