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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100