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Redwood Trust posts 4Q profit

MILL VALLEY, Calif. (AP) _ Redwood Trust Inc. (RWT) on Thursday reported fourth-quarter profit of $25 million.

The Mill Valley, California-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring costs, were 33 cents per share.

The specialty finance company posted revenue of $66 million in the period. Its adjusted revenue was $36 million.

For the year, the company reported profit of $131 million, or $1.54 per share. Revenue was reported as $158 million.

Redwood Trust shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.02, a rise of 63 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 RWT at https://www.zacks.com/ap/RWT


Keywords: Redwood Trust, Earnings Report