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Western Asset Mortgage: 2Q Earnings Snapshot

August 6, 2019

PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Tuesday reported second-quarter earnings of $10.6 million.

The Pasadena, California-based company said it had net income of 21 cents per share. Earnings, adjusted for non-recurring costs, came to 31 cents per share.

The real estate investment company posted revenue of $53.8 million in the period. Its adjusted revenue was $15.9 million.

Western Asset Mortgage shares have risen 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.01, a decline of 7.5% 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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