Five Oaks Investment Q4 Profit Soars

(RTTNews) - Five Oaks Investment Corp. (OAKS) reported fourth-quarter net income attributable to common stockholders of $10.7 million or $1.45 per basic share, compared to $1.4 million or $0.83 per basic share in the comparable quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the latest fourth quarter was $3.37 million, up from $0.7 million in the prior year quarter, while total other income was $8.9 million, compared to $961 thousand last year.