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Article: Freddie Mac Announces Record Earnings For Third Quarter 2000.

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PR Newswire
Article date:
October 17, 2000
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Third Quarter 2000 Earnings Per Share Up 15 Percent

MCLEAN, Va., Oct. 17 /PRNewswire/ --

Freddie Mac (NYSE: FRE) today announced record diluted earnings per common share of $0.86 for third quarter 2000, a 15 percent increase over third quarter 1999 diluted earnings per common share of $0.75. Net income for the third quarter was $645 million, compared to $564 million for the same period a year ago and $631 million for second quarter 2000.

"We are extremely pleased with third quarter results," said Leland C. Brendsel, Chairman and Chief Executive Officer. "We continue to serve shareholders and our mission equally well, lowering the cost of home ...

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