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Orchid Island: 2Q Earnings Snapshot

VERO BEACH, Fla. (AP) _ Orchid Island Capital Inc. (ORC) on Thursday reported second-quarter earnings of $3.5 million.

On a per-share basis, the Vero Beach, Florida-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, were 22 cents per share.

Orchid Island shares have increased almost 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.76, a decrease of 18% 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 ORC at https://www.zacks.com/ap/ORC