Western Asset Mortgage: 2Q Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Monday reported second-quarter earnings of $1.5 million.
The Pasadena, California-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring costs, came to 36 cents per share.
The real estate investment company posted revenue of $57.2 million in the period. Its adjusted revenue was $19 million.
Western Asset Mortgage shares have risen roughly 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.83, an increase of nearly 4 percent in the last 12 months.