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Chimera: 1Q Earnings Snapshot

NEW YORK (AP) _ Chimera Investment Corp. (CIM) on Thursday reported first-quarter profit of $239 million.

On a per-share basis, the New York-based company said it had net income of $1.22. Earnings, adjusted for non-recurring gains, were 58 cents per share.

The mortgage investor posted revenue of $297.1 million in the period. Its adjusted revenue was $147.9 million.

Chimera shares have decreased 6 percent since the beginning of the year. The stock has dropped 10 percent in the last 12 months.


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