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VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported fourth-quarter earnings of $81.4 million.
The Vero Beach, Florida-based company said it had net income of $1.21 per share. Earnings, adjusted for non-recurring gains, came to 32 cents per share.
The real estate investment trust posted revenue of $22.6 million in the period. Its adjusted revenue was $19.5 million.
For the year, the company reported that its loss narrowed to $215.1 million, or $3.57 per share. Revenue was reported as $106.8 million.
Armour Residential REIT shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12, a decline of 41% in the last 12 months.