Annaly Capital Management (NLY) Misses Q1 EPS by 1c

Annaly Capital Management (NYSE: NLY) reported Q1 EPS of $0.21, $0.01 worse than the analyst estimate of $0.22.

"First and foremost, our thoughts go out to all those affected by COVID-19. The health and well-being of our staff and our community remains our first priority and we are grateful to our talented employees who have enabled us to persevere through this challenging time," remarked David Finkelstein, Annaly’s Chief Executive Officer and Chief Investment Officer.

"In light of extreme volatility, Annaly performed well through one of the most challenging and unique operating environments in our Company's history. The breadth and flexibility in our investments and financing positioned us to successfully navigate the market uncertainty and we continue to benefit from the size of our capital base and strength of our business model. We took significant, measured steps to fortify our balance sheet and liquidity to position ourselves for the remainder of the year. While we continue to be cautious, we are encouraged by the meaningful tailwinds in the mortgage market and are poised to take advantage of upcoming investment opportunities."

For earnings history and earnings-related data on Annaly Capital Management (NLY) click here.

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