Anworth: 4Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Anworth Mortgage Asset Corp. (ANH) on Tuesday reported fourth-quarter profit of $23.4 million.
The Santa Monica, California-based company said it had profit of 21 cents per share. Earnings, adjusted for non-recurring gains, were 5 cents per share.
The real estate investment trust that buys mortgage debt posted revenue of $33.4 million in the period. Its adjusted revenue was $28.1 million.
For the year, the company reported that its loss widened to $103.7 million, or $1.14 per share. Revenue was reported as -$89.5 million.
In the final minutes of trading on Tuesday, the company’s shares hit $2.77. A year ago, they were trading at $3.71.