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Article: Freddie Mac Announces Record Earnings for Second Quarter 2000.

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PR Newswire
Article date:
July 18, 2000
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Second Quarter 2000 Earnings Per Share Up 14 Percent

MCLEAN, Va., July 18 /PRNewswire/ --

Freddie Mac (NYSE: FRE) today announced record diluted earnings per common share of $0.84 for second quarter 2000, a 14 percent increase over second quarter 1999 diluted earnings per common share of $0.74. Net income for the second quarter was $631 million, compared to $552 million for the same period a year ago and $608 million for first quarter 2000.

"Freddie Mac achieved record earnings in the second quarter, demonstrating our ability to generate shareholder value under a wide range of economic conditions," said Leland C. Brendsel, Chairman and Chief ...

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