MFA Financial, Inc. (MFA) Monday announced a sharp fall in the first quarter earnings.
The quarterly profit was $14.99 million or $0.14 per share, down from $64.56 million or $0.63 per share last year. On an adjusted basis, earnings were $36.1 million or $0.35 per share. On average, 6 analysts polled by Thomson Reuters expected the company to earn $0.39 per share. Analysts estimates usually exclude special items.
Net interest income for the first quarter was $47.81 million, compared to $39.37 million in the prior year.
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