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Redwood Trust: 3Q Earnings Snapshot

MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Wednesday reported third-quarter earnings of $34 million.

The Mill Valley, California-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring costs, were 37 cents per share.

The specialty finance company posted revenue of $150 million in the period. Its adjusted revenue was $34 million.

Redwood Trust shares have increased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.78, a rise of 2.5% 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