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Chimera: 1Q Earnings Snapshot

NEW YORK (AP) _ Chimera Investment Corp. (CIM) on Wednesday reported first-quarter net income of $118.1 million.

On a per-share basis, the New York-based company said it had profit of 54 cents. Earnings, adjusted for non-recurring costs, were 57 cents per share.

The mortgage investor posted revenue of $355.1 million in the period. Its adjusted revenue was $147.4 million.

Chimera shares have risen slightly more than 7% since the beginning of the year. The stock has increased slightly more than 9% in the last 12 months.

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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 CIM at https://www.zacks.com/ap/CIM