ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Thursday reported a loss of $7.7 million in its third quarter.
The company, based in Arlington, Virginia, said it had a loss of 23 cents per share. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The investment company posted revenue of $28.7 million in the period. Its revenue net of interest expense was $4.7 million, beating Street forecasts.
Arlington Asset Investment shares have decreased 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.77, a decline of 34% in the last 12 months.