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Great Ajax: 3Q Earnings Snapshot

·1 min read

BEAVERTON, Ore. (AP) _ Great Ajax Corp. (AJX) on Thursday reported third-quarter net income of $7.2 million.

The Beaverton, Oregon-based company said it had profit of 23 cents per share.

The real estate investment trust posted revenue of $12.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $12.9 million.

Great Ajax shares have decreased 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.95, a drop of 49% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AJX at https://www.zacks.com/ap/AJX