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Chimera Investment Corp. Reports Retreat In Q4 Earnings

Chimera Investment Corp. (CIM) reported earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit dropped to $115.59 million, or $0.62 per share. This was down from $121.34 million, or $0.65 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Chimera Investment Corp. earnings at a glance:

-Earnings (Q4): $115.59 Mln. vs. $121.34 Mln. last year.
-Earnings Decline (Y-o-Y): -4.7%
-EPS (Q4): $0.62 vs. $0.65 last year.
-EPS Decline (Y-o-Y): -4.6%
-Analysts Estimate: $0.61

by RTT Staff Writer

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