U.S. Markets open in 3 hrs 14 mins

Ellington Residential: 2Q Earnings Snapshot

OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Thursday reported second-quarter net income of $1.8 million.

On a per-share basis, the Old Greenwich, Connecticut-based company said it had net income of 14 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.

The residential mortgage real estate investment trust posted revenue of $6.4 million in the period.

Ellington Residential shares have decreased 7 percent since the beginning of the year. The stock has decreased 24 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 EARN at https://www.zacks.com/ap/EARN