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Capstead: 1Q Earnings Snapshot

DALLAS (AP) _ Capstead Mortgage Corp. (CMO) on Wednesday reported a first-quarter loss of $7.7 million, after reporting a profit in the same period a year earlier.

The Dallas-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, were 12 cents per share.

The real estate investment trust posted revenue of $84.2 million in the period.

Capstead shares have climbed 30 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.64, a drop of 2 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 CMO at https://www.zacks.com/ap/CMO