VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Armour Residential REIT Inc. (ARR) on Wednesday reported a loss of $75.6 million in its second quarter.
On a per-share basis, the Vero Beach, Florida-based company said it had a loss of 94 cents. Earnings, adjusted for non-recurring costs, were 77 cents per share.
The real estate investment trust posted revenue of $180.9 million in the period. Its adjusted revenue was $33.1 million.
Armour Residential REIT shares have dropped 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.89, a drop of 21% in the last 12 months.
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