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Oritani: Fiscal 1Q Earnings Snapshot

WASHINGTON (AP) _ Oritani Financial Corp. (ORIT) on Monday reported fiscal first-quarter profit of $13.4 million.

The Washington-based bank said it had earnings of 30 cents per share.

The holding company for Oritani Bank posted revenue of $39.4 million in the period. Its revenue net of interest expense was $27.1 million, missing Street forecasts.

Oritani shares have decreased 5.5 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $15.50, a drop of 10 percent 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 ORIT at https://www.zacks.com/ap/ORIT