U.S. markets closed
  • S&P 500

    3,363.00
    +27.53 (+0.83%)
     
  • Dow 30

    27,781.70
    +329.04 (+1.20%)
     
  • Nasdaq

    11,167.51
    +82.26 (+0.74%)
     
  • Russell 2000

    1,507.69
    +2.96 (+0.20%)
     
  • Crude Oil

    40.05
    -0.17 (-0.42%)
     
  • Gold

    1,893.40
    -2.10 (-0.11%)
     
  • Silver

    23.45
    -0.04 (-0.19%)
     
  • EUR/USD

    1.1732
    +0.0006 (+0.05%)
     
  • 10-Yr Bond

    0.6770
    +0.0320 (+4.96%)
     
  • GBP/USD

    1.2922
    +0.0001 (+0.01%)
     
  • USD/JPY

    105.4170
    -0.0130 (-0.01%)
     
  • BTC-USD

    10,779.64
    -64.57 (-0.60%)
     
  • CMC Crypto 200

    221.39
    -0.01 (-0.00%)
     
  • FTSE 100

    5,866.10
    -31.40 (-0.53%)
     
  • Nikkei 225

    23,185.12
    -353.98 (-1.50%)
     

Granite Point Mortgage Trust: 2Q Earnings Snapshot

NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) on Monday reported a second-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 25 cents per share.

The real estate investment trust posted revenue of $60.9 million in the period. Its adjusted revenue was $34.4 million.

Granite Point Mortgage Trust shares have fallen 58% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.71, a drop of 59% 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 GPMT at https://www.zacks.com/ap/GPMT