Annaly Capital Management Reports Q4 Earnings Above Expectations
New York, March 8, 2023 - Annaly Capital Management Inc. (NLY) today reported net income of $482.1 million for the fourth quarter, surpassing analyst estimates. This translates to earnings of 78 cents per share on a diluted basis. After adjusting for non-recurring gains, earnings stood at 72 cents per share, also exceeding expectations.
Analysts polled by Zacks Investment Research had projected earnings of 67 cents per share. Revenue for the quarter amounted to $1.34 billion, with adjusted revenue at $187.3 million.
For the full year, the company reported profit of $1 billion, or $1.62 per share. Revenue was reported at $247.8 million.