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Two Harbors Investments: 3Q Earnings Snapshot

·1 min read

MINNETONKA, Minn. (AP) _ Two Harbors Investments Corp. (TWO) on Wednesday reported third-quarter earnings of $201.9 million.

On a per-share basis, the Minnetonka, Minnesota-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring gains, came to 28 cents per share.

The real estate investment trust that invests in mortgage-backed securities posted revenue of $89.7 million in the period. Its adjusted revenue was $60.5 million.

Two Harbors Investments shares have declined 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.39, a drop of 61% 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