ATLANTA (AP) — Invesco Mortgage Capital Inc. (IVR) on Monday reported fourth-quarter earnings of $122.7 million.

On a per-share basis, the Atlanta-based company said it had net income of 59 cents. Earnings, adjusted for non-recurring gains, were 10 cents per share.

The real estate investment trust posted revenue of $126.6 million in the period. Its adjusted revenue was $129.1 million.

For the year, the company reported a loss of $1.67 billion, or $9.89 per share, swinging to a loss in the period. Revenue was reported as -$1.63 billion.

In the final minutes of trading on Monday, the company's shares hit $3.89. A year ago, they were trading at $18.26.

—————

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

Copyright by Automated Insights, Inc. All rights reserved.

React to this story:

0
0
0
0
0

Trending Video

Recommended for you