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New York Mortgage Trust: 1Q Earnings Snapshot

NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Thursday reported a first-quarter loss of $588.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of $1.71.

In the final minutes of trading on Thursday, the company's shares hit $2.04. A year ago, they were trading at $6.10.

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