Annaly Capital Management's (NLY) CEO Kevin Keyes on Q2 2019 Results - Earnings Call Transcript

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Q2: 2019-07-31 Earnings Summary

EPS of $1.00 misses by $0.05
 | Revenue of $261.03M (-28.60% Y/Y) misses by $140.99M

Annaly Capital Management, Inc. (NYSE:NLY) Q2 2019 Earnings Conference Call August 1, 2019 9:00 AM ET

Company Participants

Purvi Kamdar - Head, IR
Kevin Keyes - Chairman, Chief Executive Officer and President
David Finkelstein - Chief Investment Officer
Glenn Votek - Chief Financial Officer

Conference Call Participants

Eric Hagen - KBW
Matthew Howlett - Nomura
Rick Shane - JP Morgan

Operator

Good morning, and welcome to the Annaly Capital Management Quarterly Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Purvi Kamdar, Head of Investor Relations. Please go ahead.

Purvi Kamdar

Thank you. Good morning, and welcome to the second quarter 2019 earnings call for Annaly Capital Management Inc. Any forward-looking statements made during today’s call are subject to certain risks and uncertainties which are outlined in the Risk Factors section in our most recent annual and quarterly SEC filings. Actual events and results may differ materially from these forward-looking statements. We encourage you to read the forward-looking statements disclaimer in our earnings release, in addition to our quarterly and annual filings.

Additionally, the content of this conference call may contain time-sensitive information that is accurate only as of the date of the earnings call. We do not undertake and specifically disclaim any obligation to update or revise this information.

During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. As a reminder, Annaly routinely posts important information for investors on the Company’s website at www.annaly.com.

Content referenced in today’s call can be found in our second quarter 2019 investor presentation and second quarter 2019 financial supplement, both found under the presentation section of our website. Annaly

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