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Cherry Hill: 4Q Earnings Snapshot

FARMINGDALE, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Monday reported a fourth-quarter loss of $38.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Farmingdale, New Jersey-based company said it had a loss of $2.42. Earnings, adjusted for non-recurring costs, came to 66 cents per share.

The residential real estate finance company posted revenue of $17 million in the period. Its adjusted revenue was $6.6 million.

For the year, the company reported profit of $37.8 million, or $2.18 per share. Revenue was reported as $23.2 million.

Cherry Hill shares have increased 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.24, an increase of 3 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 CHMI at https://www.zacks.com/ap/CHMI