Angel Oak: Q4 Earnings Snapshot

Associated Press Finance
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ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Thursday reported a fourth-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had a loss of 36 cents. Losses, adjusted for investment gains, came to $2.50 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 29 cents per share.

The real estate finance company posted revenue of $28.6 million in the period.

For the year, the company reported a loss of $187.8 million, or $7.65 per share, swinging to a loss in the period. Revenue was reported as $115.5 million.

Angel Oak shares have climbed 43% since the beginning of the year. The stock has fallen 56% 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 AOMR at https://www.zacks.com/ap/AOMR

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