Newcastle Investment Corp. Bottom Line Drops 60% In Q2

(RTTNews) - Newcastle Investment Corp. (NCT) revealed earnings for second quarter that declined from last year.

The company said its bottom line came in at $10.68 million, or $0.16 per share. This was down from $26.86 million, or $0.40 per share, in last year's second quarter.

The company said revenue for the quarter rose 2.0% to $84.48 million. This was up from $82.80 million last year.

Newcastle Investment Corp. earnings at a glance:

-Earnings (Q2): $10.68 Mln. vs. $26.86 Mln. last year. -Earnings Decline (Y-o-Y): -60.2% -EPS (Q2): $0.16 vs. $0.40 last year. -EPS Decline (Y-o-Y): -60.0% -Revenue (Q2): $84.48 Mln vs. $82.80 Mln last year. -Revenue Change (Y-o-Y): 2.0%