Annaly Capital Management Inc. Q4 Profit Decreases, but beats estimates

(RTTNews) - Annaly Capital Management Inc. (NLY) announced a profit for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $388.60 million, or $0.27 per share. This compares with $841.71 million, or $0.60 per share, in last year's fourth quarter.

Excluding items, Annaly Capital Management Inc. reported adjusted earnings of $413.16 million or $0.28 per share for the period.

Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Annaly Capital Management Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $388.60 Mln. vs. $841.71 Mln. last year. -EPS (Q4): $0.27 vs. $0.60 last year. -Analyst Estimates: $0.27