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
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT