American Capital Mortgage posts 2Q profit

BETHESDA, Md. (AP) _ American Capital Mortgage Investment Corp. (MTGE) on Wednesday reported second-quarter profit of $42.6 million.On a per-share bas

BETHESDA, Md. (AP) _ American Capital Mortgage Investment Corp. (MTGE) on Wednesday reported second-quarter profit of $42.6 million.

On a per-share basis, the Bethesda, Maryland-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring gains, were 53 cents per share.

The mortgage real estate investment trust posted revenue of $23.4 million in the period.

American Capital Mortgage shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.75, an increase of 12 percent in the last 12 months.

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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 MTGE at https://www.zacks.com/ap/MTGE

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Keywords: American Capital Mortgage, Earnings Report

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