Book value was $10.35 per diluted common share, representing a 1.5%(1) return on book value, after accounting for a dividend of $0.28 per share.
Delivered Comprehensive Income of $54.0 million, or $0.15 per diluted weighted average common share. Comprehensive Income for the nine months ended September 30, 2013 of $155.9 million, a return on average equity of 5.4%, or $0.45 per diluted weighted average common share.
Reported Core Earnings of $67.7 million, or $0.19 per diluted weighted average common share.
Generated an aggregate yield of 4.0% in the RMBS portfolio. Yields driven primarily by non-Agency performance of 9.0%.
The company made progress towards allocating capital to mortgage servicing rights (MSRs) through a two-year flow sale agreement with PHH Mortgage Corporation to acquire MSRs on newly originated residential mortgage loans and advanced negotiations with other MSR sellers that may result in additional investments in the near-term.
Completed Agate Bay Mortgage Trust 2013-1, a $434 million securitization of residential mortgage loans.
Repurchased 1.45 million shares of stock at an average price of $9.23 per share, which was accretive to book value.
The accounting change was a result a settlement between Apple and book publishers. Publishers ended their agency agreements which negated the commissions they were paying to retailers selling their books.
How did this effect Amazon? When accounting for a book sale through an agency agreement, they only "booked" the commission. With the agency agreements gone, Amazon now books those revs as a merchant. Amazon now books the sale as 100% revenue as opposed to the commission, which was a fraction of the book sale.
TA-DAH.....those book sales are accounted for up to 3X their previous entry.....neat huh? Of course, there's no change in operating profit. Did I say profit?......does that matter with Amazon?
the accounting change for recording book purchases. They use to book the commission/sales fee, now they book the entire sale....wonder how much of that $300 million "beat" came from the accounting change?
It's a pity you've repressed your sexual urges, your intellect could be applied in a far more creative manner! Then again, most Asian woman share that trait....they just can't let go of their dignity and experience what life is all about.
AMZN always runs into earnings. This run is no different, other than it has been bolstered by the NFLX steroid effect.
Distribution announced today.....higher than the "pathetic .065 announced last month"
DALLAS, Oct. 21, 2013 /PRNewswire/ -- U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Hugoton Royalty Trust (NYSE – HGT), today declared a cash distribution to the holders of its units of beneficial interest of $0.068593 per unit, payable on November 15, 2013, to unitholders of record on October 31, 2013. The following table shows underlying gas sales and average prices attributable to the net overriding royalty payments made by XTO Energy Inc. (XTO Energy) to the Trust for both the current month and prior month distributions. Underlying gas sales volumes attributable to the current month distribution were primarily produced in August.
of $31. 132K trade dropped it to $31 which was immediately followed by a 118K purchase that bumped it back up.