Western Asset Mortgage: Q4 Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Wednesday reported a loss of $12.1 million in its fourth quarter.
The Pasadena, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.
The real estate investment company posted revenue of $36.7 million in the period. Its adjusted revenue was $4.6 million.
For the year, the company reported a loss of $49 million, or 81 cents per share. Revenue was reported as $27.2 million.