Western Asset Mortgage: 3Q Earnings Snapshot

November 8, 2018

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.


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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