Annaly Capital Management Inc. Announces 51% Drop In Q2 Earnings

(RTTNews) - Annaly Capital Management Inc. (NLY) revealed a profit for second quarter that decreased compared to the same period last year.

The company said its earnings came in at $123.35 million, or $0.11 per share. This was down from $254.08 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Annaly Capital Management Inc. earnings at a glance:

-Earnings (Q2): $123.35 Mln. vs. $254.08 Mln. last year. -Earnings Decline (Y-o-Y): -51.5% -EPS (Q2): $0.11 vs. $0.25 last year. -EPS Decline (Y-o-Y): -56.0% -Analysts Estimate: $0.30