U.S. Markets open in 2 hrs 3 mins

AGNC Investment: 3Q Earnings Snapshot

BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported third-quarter net income of $216 million.

The Bethesda, Maryland-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs, came to 61 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share.

The real estate investment trust posted revenue of $188 million in the period.

AGNC Investment shares have decreased 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.84, a drop of 17 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