Ellington Residential: 2Q Earnings Snapshot
OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Thursday reported second-quarter net income of $1.8 million.
On a per-share basis, the Old Greenwich, Connecticut-based company said it had net income of 14 cents. Earnings, adjusted for non-recurring costs, were 36 cents per share.
The residential mortgage real estate investment trust posted revenue of $6.4 million in the period.
Ellington Residential shares have decreased 7 percent since the beginning of the year. The stock has decreased 24 percent in the last 12 months.