BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported second-quarter net income of $284 million.
On a per-share basis, the Bethesda, Maryland-based company said it had net income of 70 cents. Earnings, adjusted for non-recurring gains, came to 63 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The real estate investment trust posted revenue of $414 million in the period. Its adjusted revenue was $177 million.
AGNC Investment shares have decreased nearly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.25, a decrease of almost 9 percent 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 AGNC at https://www.zacks.com/ap/AGNC