Orchid Island: 2Q Earnings Snapshot
VERO BEACH, Fla. (AP) _ Orchid Island Capital Inc. (ORC) on Thursday reported second-quarter earnings of $3.5 million.
On a per-share basis, the Vero Beach, Florida-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring costs, were 22 cents per share.
Orchid Island shares have increased almost 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.76, a decrease of 18% in the last 12 months.