Monday, Crystal River Capital, Inc. (CRZ), a specialty finance company, reported a wider loss in the second quarter compared with prior-year quarter on lower net interest income available for sale securities. Following news, the stock gapped opened lower and is currently trading down about 16% on the New York Stock Exchange.
Net loss for the quarter was $75.5 million or $3.04 per share wider than net loss of $9.1 million or $0.36 per share in the same period prior year.
Operating earnings for the quarter totaled $16.6 million or $0.67 per share, compared to $16.8 million or $0.67 per share, in the prior-year quarter.
Quarterly revenues fell to $32.3 million from $62.6 million in the comparable period previous year.
Interest income available for sale securities for the quarter decreased by more than half to $24.4 million, from $50.8 million prior year.
Net investment income for the quarter totaled $21.6 million or $0.87 per share compared with net investment income of $20.0 million, or $0.80 per share last year.
Provision for loss on real estate loan was $7.38 million against no such provision in the prior-year quarter.
For the first-half, net loss widened to $213.2 million or $8.60 per share from $1.5 million or $0.06 per share prior year. Total revenues for the period stood at $81.2 million compared with $120.3 million last year.
The company also declared a third quarter dividend of $0.10 per share.
CRZ's stock is currently trading down 15.93% at 2.27 on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.