American Capital Mortgage Investment Corp. (MTGE: Quote) 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.
Click here to receive FREE breaking news email alerts for American Capital Mortgage Investment Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org