U.S. Markets open in 1 hr 29 mins

Granite Point Mortgage Trust: 3Q Earnings Snapshot

NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported third-quarter earnings of $17.4 million.

On a per-share basis, the New York-based company said it had net income of 32 cents. Earnings, adjusted for stock option expense, were 34 cents per share.

The real estate investment trust posted revenue of $63.4 million in the period. Its adjusted revenue was $27.1 million.

Granite Point Mortgage Trust shares have risen 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.60, declining slightly 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