Annaly Capital Management Q2 2024 Adj EPS $0.68 Beats $0.65 Estimate, Sales $1.177B Beat $1.075B Estimate
Portfolio Pulse from Benzinga Newsdesk
Annaly Capital Management (NYSE:NLY) reported Q2 2024 adjusted EPS of $0.68, beating the $0.65 estimate. Sales were $1.177 billion, surpassing the $1.075 billion estimate. Despite a 5.56% decrease in EPS from last year, sales increased by 27.73%.
July 24, 2024 | 8:19 pm
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Annaly Capital Management reported Q2 2024 adjusted EPS of $0.68, beating the $0.65 estimate. Sales were $1.177 billion, surpassing the $1.075 billion estimate. Despite a 5.56% decrease in EPS from last year, sales increased by 27.73%.
Annaly Capital Management's better-than-expected EPS and significant sales growth are positive indicators. Despite a year-over-year EPS decline, the strong sales performance is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100