Annaly Capital Stock Dips 2% on Q1 Earnings Miss
Shares of Annaly Capital Management (NYSE: NLY) fell slightly on Thursday on the back of first-quarter results that showed deterioration in several of the company's key financials.
Annaly Capital posted adjusted (or "core") net earnings of just over $330 million, or $0.21 per share, well down from the $433 million it reaped in the same quarter one year ago. Total interest income also fell notably, dropping to slightly more than $555 million from the Q1 2019 tally of $866 million.
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Source Fool.com
