Dynex Capital: 2Q Earnings Snapshot
GLEN ALLEN, Va. (AP) _ Dynex Capital Inc. (DX) on Wednesday reported a second-quarter loss of $119 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Glen Allen, Virginia-based company said it had a loss of $4.98. Earnings, adjusted for non-recurring costs, were 43 cents per share.
The mortgage real estate investment trust posted revenue of $43.7 million in the period. Its adjusted revenue was $12.9 million.
Dynex Capital shares have dropped 1% since the beginning of the year. The stock has fallen 13% in the last 12 months.