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Armour Residential REIT posts 1Q profit

VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Monday reported first-quarter net income of $52.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vero Beach, Florida-based company said it had profit of $1.33. Earnings, adjusted for non-recurring gains, were 69 cents per share.

The real estate investment trust posted revenue of $79.5 million in the period. Its adjusted revenue was $61.4 million.

Armour Residential REIT shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.41, a rise of 15 percent in the last 12 months.

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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

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Keywords: Armour Residential REIT, Earnings Report