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DALLAS (AP) _ Capstead Mortgage Corp. (CMO) on Wednesday reported fourth-quarter profit of $23.3 million.
The Dallas-based company said it had profit of 19 cents per share. Earnings, adjusted for non-recurring gains, came to 15 cents per share.
The real estate investment trust posted revenue of $31.4 million in the period.
For the year, the company reported that its loss widened to $129.6 million, or $1.56 per share. Revenue was reported as $186.7 million.
Capstead shares have dropped 5.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.49, a fall of 32% in the last 12 months.