In This Article:
NEW YORK (AP) — NEW YORK (AP) — Annaly Capital Management Inc. (NLY) on Wednesday reported first-quarter profit of $124.2 million.
On a per-share basis, the New York-based company said it had net income of 15 cents. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The real estate investment trust posted revenue of $1.32 billion in the period. Its adjusted revenue was $220 million.
_____
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