Western Asset Mortgage: 3Q Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Wednesday reported third-quarter earnings of $20.9 million.
The Pasadena, California-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring gains, were 33 cents per share.
The real estate investment company posted revenue of $65.5 million in the period. Its adjusted revenue was $26.9 million.
Western Asset Mortgage shares have risen almost 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.21, a rise of roughly 4 percent in the last 12 months.