Annaly Capital Management Q1 Profit Misses Estimates - Quick Facts

(RTTNews) - Annaly Capital Management, Inc. (NLY) reported a first-quarter net loss to shareholders of $221.34 million or $0.23 per share compared to net income of $852.29 million or $0.87 per share, last year. The company said the decrease was largely attributable to higher unrealized losses on interest rate swaps and interest-only Agency mortgage-backed securities and a net loss on trading assets. Core earnings for the quarter ended March 31, 2014 was $239.7 million or $0.23 per share.

On average, 19 analysts polled by Thomson Reuters expected the company to report profit per share of $0.28 for the quarter. Analysts' estimates typically exclude special items.

Net interest income decreased to $530.93 million from $559.63 million.