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Capstead: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Capstead Mortgage Corp. (CMO) on Wednesday reported third-quarter net income of $29.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Dallas-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring gains, came to 16 cents per share.

The real estate investment trust posted revenue of $37.6 million in the period.

Capstead shares have dropped 31% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.45, a fall of 30% 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 CMO at https://www.zacks.com/ap/CMO