Arlington Asset Investment: 2Q Earnings Snapshot
ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Tuesday reported a loss of $23.5 million in its second quarter.
The company, based in Arlington, Virginia, said it had a loss of 67 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
The investment company posted revenue of $32.7 million in the period. Its revenue net of interest expense was $6.6 million, which topped Street forecasts.
Arlington Asset Investment shares have declined 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.20, a fall of 40% in the last 12 months.