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AGNC Investment: 4Q Earnings Snapshot

BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported a fourth-quarter loss of $804 million, after reporting a profit in the same period a year earlier.

The Bethesda, Maryland-based company said it had a loss of $1.61 per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The real estate investment trust posted revenue of $186 million in the period.

For the year, the company reported profit of $129 million, or 21 cents per share. Revenue was reported as $776 million.

AGNC Investment shares have increased slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.94, a drop of 6 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