Annaly: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Annaly Capital Management Inc. (NLY) on Tuesday reported a loss of $1 billion in its third quarter.

On a per-share basis, the New York-based company said it had a loss of $1.36. Earnings, adjusted for non-recurring costs, came to 80 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The real estate investment trust posted revenue of $1.97 billion in the period. Its adjusted revenue was $543.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NLY at https://www.zacks.com/ap/NLY