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Ellington Residential: 3Q Earnings Snapshot

OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Monday reported third-quarter net income of $946,000.

The Old Greenwich, Connecticut-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The residential mortgage real estate investment trust posted revenue of $4.7 million in the period.

Ellington Residential shares have declined 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.46, a fall of 20 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