Annaly: 1Q Earnings Snapshot
Annaly: 1Q Earnings Snapshot
NEW YORK (AP) _ Annaly Capital Management Inc. (NLY) on Wednesday reported a first-quarter loss of $849.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 63 cents. Earnings, adjusted for non-recurring costs, were 29 cents per share.
The real estate investment trust posted revenue of $866.2 million in the period. Its adjusted revenue was $218.5 million.
Annaly shares have climbed nearly 2% since the beginning of the year. The stock has declined 3% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NLY at https://www.zacks.com/ap/NLY