Chimera Investment Corp. Earnings Decline 15% In Q3

(RTTNews) - Chimera Investment Corp. (CIM) revealed a profit for third quarter that lost ground from last year.

The company said its earnings fell to $98.44 million, or $0.50 per share. This was down from $115.78 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $143.97 million. This was down from $151.47 million last year.

Chimera Investment Corp. earnings at a glance:

-Earnings (Q3): $98.44 Mln. vs. $115.78 Mln. last year. -Earnings Decline (Y-o-Y): -15.0% -EPS (Q3): $0.50 vs. $0.55 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.55 -Revenue (Q3): $143.97 Mln vs. $151.47 Mln last year. -Revenue Change (Y-o-Y): -5.0%