Arlington Asset Investment: 2Q Earnings Snapshot
ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Tuesday reported a loss of $3.6 million in its second quarter.
The Arlington, Virginia-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, were 59 cents per share.
The investment company posted revenue of $30.1 million in the period. Its revenue net of interest expense was $10.9 million, beating Street forecasts.
Arlington Asset Investment shares have fallen 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.09, a decline of 26 percent in the last 12 months.