Northstar Realty (NRF) Stock Gains Despite Wide Earnings Miss

NEW YORK (TheStreet) -- Northstar Realty (NRF) shares rose 0.75% to $18.83 in trading on Friday after the real estate finance company reported its first-quarter earnings results before the opening bell today.

The company reported a net loss of $10.5 million, or a loss of 10 cents per share, which missed analysts' consensus estimates of earnings of 11 cents per share by 21 cents.

Revenue for the quarter was $402.1 million, which topped analysts' expectations of $398 million.

Earlier this week, the company declared a quarterly cash dividend of 40 cents per common share payable May 22 to shareholders of record on May 14.

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