Invesco Mortgage Capital posts 3Q profit

ATLANTA (AP) _ Invesco Mortgage Capital Inc. (IVR) on Monday reported third-quarter earnings of $62.7 million.On a per-share basis, the Atlanta-based

ATLANTA (AP) _ Invesco Mortgage Capital Inc. (IVR) on Monday reported third-quarter earnings of $62.7 million.

On a per-share basis, the Atlanta-based company said it had profit of 43 cents. Earnings, adjusted for one-time items, came to 44 cents per share.

The real estate investment trust posted revenue of $128.9 million in the period. Its adjusted revenue was $74.7 million.

Invesco Mortgage Capital shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.71, a climb of 13 percent in the last 12 months.

_____

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

Go to Source

COMMENTS