logo
Share SHARE
FONT-SIZE Plus   Neg

American Capital Mortgage Posts Higher Q1 Profit

American Capital Mortgage Investment Corp. (MTGE) reported net income for the first quarter of $21.3 million or $1.82 per share, compared to $17.2 million or $1.72 per share for the year-ago quarter.

Net spread income for the first quarter was $12.5 million or $1.07 per share, compared to $8.7 million or $0.86 per share in the prior year quarter.

Net interest income for the first quarter rose to $14.9 million from $10.9 million a year ago. Total other gains grew to $8.5 million from $8.1 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.87 per share on revenue of $11.48 million for the first quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chipotle Mexican Grill (CMG) is giving away free food and drinks this September as the restaurant chain still struggles to boost its sales that has been sluggish after outbreaks of E.coli, salmonella and norovirus at its restaurants. The chain is offering free kids meals every Sunday in September... It seems that Colonel Sanders' nephew unknowingly disclosed the secret blend of 11 herbs and spices behind KFC's fried chicken, which the food chain touts as the most heavily-guarder food recipe in the world. However, KFC executives refutes the report and insist that its 11-spice "Original Recipe"... QSR Brands, Malaysia's largest fast food operator, is planning for an initial public offering worth more than $400 million, according to the Wall Street Journal.
comments powered by Disqus
Follow RTT