Western Asset Mortgage: 3Q Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Tuesday reported third-quarter earnings of $19.7 million.
On a per-share basis, the Pasadena, California-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring gains, came to 28 cents per share.
The real estate investment company posted revenue of $55.7 million in the period. Its adjusted revenue was $16.6 million.
Western Asset Mortgage shares have climbed 21% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.05, a decrease of almost 1% in the last 12 months.