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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.

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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