NEW YORK (AP) _ Annaly Capital Management Inc. (NLY) on Wednesday reported a second-quarter loss of $1.78 billion, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of $1.24 per share. Earnings, adjusted for non-recurring costs, were 25 cents per share.
The real estate investment trust posted revenue of $927.6 million in the period. Its adjusted revenue was $177.4 million.
Annaly shares have fallen roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.55, a fall of 11% in the last 12 months.