NEW YORK (AP) _ Annaly Capital Management Inc. (NLY) on Wednesday reported a third-quarter loss of $275.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 70 cents. Earnings, adjusted for non-recurring costs, came to $1.06 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The real estate investment trust posted revenue of $678.5 million in the period. Its adjusted revenue was $278 million.
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