EPS100Momentum's  Instablog

Newcastle Investment Corp. expected to report Fiscal Year 2010 results on February 19, 2011. This event was calculated by Capital IQ (Created on November 11, 2010).

Newcastle Investment Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2010. For the quarter, the company reported net interest income of $38,493,000, income from continuing operations of $163,589,000 and income applicable to common shareholders of $162,107,000 or $2.61 per diluted share against net interest income of $22,784,000, income from continuing operations of $52,959,000 and income applicable to common shareholders of $49,663,000 or $0.94 per diluted share for the same period last year. GAAP book value increased by $246 million or $3.97 per share. For the nine months, the company reported net interest income of $94,038,000, income from continuing operations of $423,095,000 and income applicable to common shareholders of $460,266,000 or $7.77 per diluted share against net interest income of $119,879,000, loss from continuing operations of $229,712,000 and loss applicable to common shareholders of $239,934,000 or $4.54 per diluted share for the same period last year. For the quarter ended September 30, 2010, the company's board of directors elected not to pay a common stock or preferred stock dividend. The company decided to retain capital for working capital purposes.

Newcastle Investment Corp. announced that they will report Q3, 2010 results Pre-Market on Nov 09, 2010