ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Tuesday reported first-quarter net income of $5.3 million, after reporting a loss in the same period a year earlier.
The company, based in Arlington, Virginia, said it had earnings of 22 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 60 cents per share.
The investment company posted revenue of $30 million in the period. Its adjusted revenue was $20.3 million.
Arlington Asset Investment shares have declined 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.49, a rise of 13 percent in the last 12 months.
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