Orchid Island: Q4 Earnings Snapshot

VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Orchid Island Capital Inc. (ORC) on Thursday reported net income of $103.4 million in its fourth quarter.

The Vero Beach, Florida-based company said it had net income of 62 cents per share. Earnings, adjusted for investment gains, were 19 cents per share.

For the year, the company reported profit of $159 million, or $1.24 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORC at https://www.zacks.com/ap/ORC

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