VERO BEACH, Fla. (AP) _ Orchid Island Capital Inc. (ORC) on Thursday reported a loss of $8.5 million in its third quarter.
The Vero Beach, Florida-based company said it had a loss of 14 cents per share. Earnings, adjusted for investment costs, came to 18 cents per share.
Orchid Island shares have declined 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.75, a drop of 16% in the last 12 months.