VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported a first-quarter loss of $114.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Vero Beach, Florida-based company said it had a loss of $2.21. Earnings, adjusted for non-recurring costs, were 61 cents per share.
The real estate investment trust posted revenue of $94.8 million in the period. Its adjusted revenue was $33.8 million.
Armour Residential REIT shares have dropped almost 2 percent since the beginning of the year. The stock has decreased 11 percent 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 ARR at https://www.zacks.com/ap/ARR