NEW YORK (AP) _ Two Harbors Investments Corp. (TWO) on Tuesday reported third-quarter net income of $305.7 million.
On a per-share basis, the New York-based company said it had net income of $1. Earnings, adjusted for non-recurring gains, were 24 cents per share.
The real estate investment trust that invests in mortgage-backed securities posted revenue of $547.1 million in the period. Its adjusted revenue was $58.7 million.
Two Harbors Investments shares have climbed 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.76, a decrease of roughly 7% in the last 12 months.