11:16 AM EDT, 05/09/2024 (MT Newswires) -- Chimera Investment ( CIM ) shares were up more than 10% in recent trading Thursday after the company reported its Q1 financial results.

The company reported Q1 earnings available for distribution, a non-GAAP measure, of $0.12 per diluted share, down from $0.13 a year earlier.

Four analysts polled by Capital IQ expected $0.16.

Net interest income for the quarter ended March 31 was $65.1 million, compared with $69.6 million a year earlier. Analysts' estimates were not available.

Price: 4.69, Change: +0.45, Percent Change: +10.57