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AGNC Investment misses 3Q profit forecasts

BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported third-quarter net income of $286 million.

On a per-share basis, the Bethesda, Maryland-based company said it had profit of 74 cents. Earnings, adjusted for non-recurring gains, came to 59 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The real estate investment trust posted revenue of $178 million in the period.

AGNC Investment shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.44, an increase of 6 percent in the last 12 months.

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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 AGNC at https://www.zacks.com/ap/AGNC