Chimera Investment Corporation CIM reported GAAP and operating EPS of $0.16 and $0.14, respectively, KBW reports.
“Earnings did not reflect the full impact of the November capital raise as a significant portion was deployed late in the quarter,” KBW writes. “We are taking our 2011 EPS estimate down by $0.04 as we assume slightly lower returns on new investments.”
KBW maintains its Outperform rating on Chimera Investment Corporation, which closed Monday at $4.20.
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