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.