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Farmer Mac: 3Q Earnings Snapshot

WASHINGTON (AP) _ Federal Agricultural Mortgage Corp. (AGM) on Thursday reported third-quarter net income of $29.8 million.

The Washington-based company said it had profit of $2.46 per share. Earnings, adjusted for non-recurring gains, were $2.08 per share.

The rural real estate lender posted revenue of $147.1 million in the period. Its adjusted revenue was $49.5 million.

Farmer Mac shares have decreased roughly 6 percent since the beginning of the year. The stock has increased almost 4 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 AGM at https://www.zacks.com/ap/AGM