Shares of Chimera Investment CIM moved higher by 0.3% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share fell 34.00% over the past year to $0.33, which beat the estimate of $0.29.
Revenue of $123,348,000 declined by 12.89% from the same period last year, which beat the estimate of $111,400,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Nov 04, 2020
Time: 09:00 AM
Technicals
52-week high: $22.98
Company's 52-week low was at $6.42
Price action over last quarter: Up 5.39%
Company Profile
Chimera Investment Corporation is a real estate investment trust primarily engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. Chimera generates nearly all of its income from interest payments derived from its investments.
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