AGNC Investment: 4Q Earnings Snapshot
BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported fourth-quarter profit of $871 million.
The Bethesda, Maryland-based company said it had net income of $1.56 per share. Earnings, adjusted for non-recurring gains, came to 57 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The real estate investment trust posted revenue of $287 million in the period.
For the year, the company reported profit of $688 million, or $1.16 per share. Revenue was reported as $693 million.
AGNC Investment shares have risen 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.74, an increase of 3.5% in the last 12 months.