logo
Share SHARE
FONT-SIZE Plus   Neg

American Capital Mortgage Posts Higher Q1 Profit

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Toyota Motor Corp. (TM) Tuesday said its U.S. sales for February rose 13.3 percent, as the Japanese automaker attracted new customers helped by strong marketing and plunging oil prices. Toyota's U.S. sales in February increased 13.3 percent to 180,467 units from 159,284 units a year ago. Sales... United Airlines has announced it will not accept bulk shipments of rechargeable lithium batteries, citing safety concerns. United Airlines becomes the second major airline in the U.S. to stop accepting bulk shipment of lithium batteries, after Delta Air Lines made a similar announcement last month. Tests... An online documentary by a Chinese journalist providing insight into the alarming level of smog in her country has attracted millions of views and led to wide-ranging debates among netizens.
comments powered by Disqus
RELATED NEWS
Trade MTGE now with 
Follow RTT