SANTA MONICA, Calif. (AP) _ Anworth Mortgage Asset Corp. (ANH) on Friday reported a second-quarter loss of $47.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Santa Monica, California-based company said it had a loss of 51 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.
The real estate investment trust that buys mortgage debt posted revenue of $40.1 million in the period. Its adjusted revenue was $7.4 million.
In the final minutes of trading on Friday, the company's shares hit $3.74. A year ago, they were trading at $4.98.