U.S. Markets closed

Capstead posts 1Q profit

DALLAS (AP) _ Capstead Mortgage Corp. (CMO) on Wednesday reported first-quarter net income of $22.7 million.

On a per-share basis, the Dallas-based company said it had profit of 20 cents.

The real estate investment trust posted revenue of $55 million in the period.

Capstead shares have increased slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.94, an increase of 12 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

_____

Keywords: Capstead Mortgage, Earnings Report