DALLAS (AP) _ Capstead Mortgage Corp. (CMO) on Wednesday reported a second-quarter loss of $63.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had a loss of 80 cents. Earnings, adjusted for non-recurring costs, were 12 cents per share.
The real estate investment trust posted revenue of $85.7 million in the period.
Capstead shares have increased 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.14, a climb of 6.5% in the last 12 months.