Annaly Capital Management Q1 Adj $0.64, Inline, Sales $1.09B Beat $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Annaly Capital Management (NLY) reported Q1 earnings of $0.64 per share, meeting analyst estimates, and a 20.99% decrease from last year's $0.81. Sales reached $1.09B, surpassing the $1.02B estimate, marking a 33.76% increase from the previous year's $818.25M.
April 24, 2024 | 8:17 pm
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Annaly Capital Management reported Q1 earnings in line with estimates but saw a decrease from last year, while sales exceeded expectations with significant growth.
Meeting earnings estimates while significantly beating sales forecasts suggests a positive outlook for NLY, despite the year-over-year earnings decrease. The substantial increase in sales indicates strong operational performance, likely to positively influence investor sentiment and potentially the stock price in the short term.
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