Chimera Investment Turns To Profit In Q2; Adj. EPS Misses Estimates

(RTTNews) - Real estate investment trust Chimera Investment Corp. (CIM) reported Thursday that its second-quarter net income available to shareholders was $17.59 million, compared to last year's net loss of $179.77 million.

Earnings per share were $0.08, compared to loss of $0.76.

Earnings available for distribution per adjusted share were $0.12 per share, compared to $0.31 per share last year.

On average, six analysts polled by Thomson Reuters expected earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Interest income edged up to $196.86 million from last year's $195.36 million.

Net interest income was $65.68 million, down from $116.89 million a year ago. The Street was looking for revenues of $79.69 million.

Further, the Board of Directors declared its third quarter cash dividend of $0.18 per share, payable October 31 to common stockholders of record on September 29.

In pre-market activity on the NYSE, the shares were trading at $6.06, down 2.26 percent.

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