VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Armour Residential REIT Inc. (ARR) on Thursday reported first-quarter net income of $14.5 million, after reporting a loss in the same period a year earlier.
The Vero Beach, Florida-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 82 cents per share.
The real estate investment trust posted revenue of $141.5 million in the period. Its adjusted revenue was $5.3 million.
Armour Residential REIT shares have dropped nearly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.21, a decline of 28% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARR at https://www.zacks.com/ap/ARR
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
