VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported third-quarter profit of $47.7 million.
The Vero Beach, Florida-based company said it had net income of $1.02 per share. Earnings, adjusted for non-recurring gains, were 64 cents per share.
The real estate investment trust posted revenue of $97.4 million in the period. Its adjusted revenue was $57.1 million.
Armour Residential REIT shares have decreased 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.47, a decrease of 24 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