AP NEWS

Western Asset Mortgage: 2Q Earnings Snapshot

August 6, 2018

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WMC at https://www.zacks.com/ap/WMC

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