Arlington Asset Investment: Q2 Earnings Snapshot

August 9, 2022 GMT

MCLEAN, Va. (AP) _ Arlington Asset Investment Corp. (AAIC) on Tuesday reported second-quarter net income of $307,000, after reporting a loss in the same period a year earlier.

The McLean, Virginia-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, came to 5 cents per share.

The investment company posted revenue of $8.8 million in the period. Its adjusted revenue was $4.3 million.

In the final minutes of trading on Tuesday, the company’s shares hit $3.38. A year ago, they were trading at $3.84.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAIC at https://www.zacks.com/ap/AAIC