Chimera Investment (CIM) Tops Q2 EPS by 1c

Chimera Investment (NYSE: CIM) reported Q2 EPS of $0.32, $0.01 better than the analyst estimate of $0.31.

• GAAP Net Loss of $(0.37) Per Common Share
• Core Earnings(1) of $0.32 Per Common Share
• GAAP Book Value of $10.63 Per Common Share
• Financed Nearly $2 Billion of Non-Agency Securities on Non-Mark-to-Market Facilities
• Removed the Mark-to-Market Warehouse Financing Risk of Our Non-Securitized Residential Loan Portfolio Through Three Securitizations and a New Non-Mark-to-Market Facility

"During the second quarter we prioritized our focus on liquidity and non-mark-to-market and longer-term financing arrangements," said Matthew Lambiase, President and Chief Executive Officer. "This strategy has allowed us to retain high-yielding assets, provide time for asset price recovery, while remaining positioned for opportunistic investments."

For earnings history and earnings-related data on Chimera Investment (CIM) click here.

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