Chimera Investment Corporation (CIM) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Chimera Investment Corporation (CIM) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.53. The company posted revenue of $137.87 million in the period, compared to analysts expectations of $135.17 million. The company’s revenue was down -7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Chimera Investment Corporation closed down -0.24 points or -1.42% at $16.67 with 16,18,757 shares getting traded on Tusday. Post opening the session at $16.9, the shares hit an intraday low of $16.62 and an intraday high of $16.94 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 2, 2016, Dennis Mahoney (director) purchased 4,500 shares at $13.11 per share price. According to the SEC, on Mar 2, 2016, Mohit Marria (Chief Investment Officer) purchased 15,000 shares at $13.11 per share price. On Mar 2, 2016, Paul Donlin (director) purchased 20,000 shares at $13.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Chimera Investment Corporation is a specialty finance company. The Company through its subsidiaries invests in residential mortgage-backed securities (RMBS) residential mortgage loans commercial mortgage loans real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.

Chimera Investment Corporation

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