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MFA Financial down 1% after earnings miss

Published 11/02/2017, 09:12 AM
© Reuters.  MFA Financial down 1% after earnings miss
MFA
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  • Q3 net income of $60.1M or $0.15 per share vs. $76.2M and $0.20 in Q2. Dividend is $0.20.
  • Book value per share of $7.70 slips six cents from three months earlier. Last night's close of $8.33 is an 8% premium to Sept. 30 book.
  • Economic return for the quarter of $0.14 per share, or 1.8% on book value.
  • Company takes note of lower prices on CRT securities (thanks to hurricanes) and one-time payout surrounding the death of the former CEO as hitting Q3 results.
  • Conference call at 11 ET
  • Previously: MFA Financial misses by $0.03, misses on revenue (Nov. 2)
  • MFA -1% premarket to $8.25
  • Now read: No-Brainer Swap Of The Year


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