Newcastle Investment Corp. Bottom Line Rises 75% In Q3

(RTTNews) - Newcastle Investment Corp. (NCT) revealed a profit for its third quarter that rose from last year.

The company said its bottom line advanced to $28 million, or $0.42 per share. This was up from $16 million, or $0.25 per share, in last year's third quarter.

The company said revenue for the quarter rose 0.4% to $83.16 million. This was up from $82.86 million last year.

Newcastle Investment Corp. earnings at a glance:

-Earnings (Q3): $28 Mln. vs. $16 Mln. last year. -Earnings Growth (Y-o-Y): 75.0% -EPS (Q3): $0.42 vs. $0.25 last year. -EPS Growth (Y-o-Y): 68.0% -Revenue (Q3): $83.16 Mln vs. $82.86 Mln last year. -Revenue Change (Y-o-Y): 0.4%