Arlington Asset Investment: 4Q Earnings Snapshot
ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Tuesday reported a fourth-quarter loss of $26.3 million, after reporting a profit in the same period a year earlier.
The Arlington, Virginia-based company said it had a loss of 87 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.
The investment company posted revenue of $37.2 million in the period. Its revenue net of interest expense was $10.6 million, which beat Street forecasts.
For the year, the company reported a loss of $91.8 million, or $3.18 per share, swinging to a loss in the period. Revenue was reported as $46.1 million.
Arlington Asset Investment shares have climbed 22 percent since the beginning of the year. The stock has declined 23 percent in the last 12 months.