Chimera Investment (CIM) Misses Q1 EPS by 1c

Chimera Investment (NYSE: CIM) reported Q1 EPS of $0.57, $0.01 worse than the analyst estimate of $0.58.

• 1ST QUARTER GAAP NET INCOME OF $0.54 PER COMMON SHARE
• 1ST QUARTER CORE EARNINGS(1) OF $0.57 PER COMMON SHARE
• GAAP BOOK VALUE OF $16.15 PER COMMON SHARE

“Chimera continued to diversify it’s capital structure by issuing $200 million of Series D preferred stock this quarter,” said Matthew Lambiase, Chimera’s CEO and President. “The addition of preferred stock has created a positive impact on our balance sheet, allowing us to grow our investment portfolio and lower the company’s overall cost of capital.”

For earnings history and earnings-related data on Chimera Investment (CIM) click here.

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