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Arlington Asset Investment: 3Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AI at https://www.zacks.com/ap/AI