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Redwood Trust: 2Q Earnings Snapshot

MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Thursday reported second-quarter net income of $31 million.

On a per-share basis, the Mill Valley, California-based company said it had net income of 30 cents. Earnings, adjusted for non-recurring costs, came to 39 cents per share.

The specialty finance company posted revenue of $177 million in the period. Its adjusted revenue was $32 million.

Redwood Trust shares have risen 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.73, an increase of 1% 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 RWT at https://www.zacks.com/ap/RWT