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Armour Residential REIT posts 3Q profit

VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported third-quarter profit of $27.7 million.

On a per-share basis, the Vero Beach, Florida-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring costs, came to 69 cents per share.

The real estate investment trust posted revenue of $66.8 million in the period. Its adjusted revenue was $39.6 million.

Armour Residential REIT shares have increased 21 percent since the beginning of the year. The stock has climbed 15 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