Annaly Capital Management Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Annaly Capital Management Inc. (NLY) announced earnings for third quarter that dropped from last year.

The company's bottom line totaled $353.90 million, or $0.29 per share. This compares with $714.59 million, or $0.31 per share, in last year's third quarter.

Excluding items, Annaly Capital Management Inc. reported adjusted earnings of $389.67 million or $0.30 per share for the period.

Analysts had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Annaly Capital Management Inc. earnings at a glance:

-Earnings (Q3): $389.67 Mln. vs. $353.55 Mln. last year. -EPS (Q3): $0.30 vs. $0.30 last year. -Analysts Estimate: $0.29