PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Tuesday reported second-quarter earnings of $10.6 million.
The Pasadena, California-based company said it had net income of 21 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share.
The real estate investment company posted revenue of $53.8 million in the period. Its adjusted revenue was $15.9 million.
Western Asset Mortgage shares have risen 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.01, a decline of 7.5% in the last 12 months.