The company reported core earnings of 23 cents a share, which was short of the Zacks Consensus Estimate of 27 cents. It also represented a sequential decline from 35 cents a share and a year-over-year decline from 29 cents a share. Net interest income declined 5.1% year over year and 16.2% sequentially to $530.9 million.
The stock was down 3.55% to $11.42 at 10:34 a.m.
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Separately, TheStreet Ratings team rates ANNALY CAPITAL MANAGEMENT as a "hold" with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ANNALY CAPITAL MANAGEMENT (NLY) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: