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Two Harbors Investments: 3Q Earnings Snapshot

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.

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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 TWO at https://www.zacks.com/ap/TWO