Chimera Investment Corp. Announces 26% Drop In Q1 Bottom Line

(RTTNews) - Chimera Investment Corp. (CIM) revealed a profit for first quarter that decreased compared to the same period last year.

The company said its bottom line came in at $109.52 million, or $0.58 per share. This was down from $147.69 million, or $0.72 per share, in last year's first quarter.

The company said revenue for the quarter fell 24.3% to $138.21 million. This was down from $182.69 million last year.

Chimera Investment Corp. earnings at a glance:

-Earnings (Q1): $109.52 Mln. vs. $147.69 Mln. last year. -Earnings Decline (Y-o-Y): -25.8% -EPS (Q1): $0.58 vs. $0.72 last year. -EPS Decline (Y-o-Y): -19.4% -Revenue (Q1): $138.21 Mln vs. $182.69 Mln last year. -Revenue Change (Y-o-Y): -24.3%