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Western Asset Mortgage Capital Posts Profit In Q4

Western Asset Mortgage Capital Corp (WMC) reported fourth-quarter net income available to Common Stock and participating securities of $24.8 million or $1.04 per share.

Cor earnings for the latest fourth quarter was $25.1 million or $1.05 per share, while six analysts polled by Thomson Reuters expected the company to earn $0.87 per share for the quarter.

Net interest income for the quarter was $30.6 million, while other loss was $2.5 million for the latest quarter.

by RTTNews Staff Writer

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