Western Asset Mortgage: 2Q Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Wednesday reported a second-quarter loss of $15.6 million, after reporting a profit in the same period a year earlier. The Pasadena, California-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs, were 11 cents per share. The real estate investment company posted revenue of $31.5 million in the period. Its adjusted revenue was $8.5 million. The company's shares closed at $2.10. A year ago, they were trading at $9.91. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on WMC at https:||www.zacks.com|ap|WMC
Western Asset Mortgage: 2Q Earnings Snapshot
PASADENA, Calif. (AP) _ Western Asset Mortgage Capital Corp. (WMC) on Wednesday reported a second-quarter loss of $15.6 million, after reporting a profit in the same period a year earlier. The Pasadena, California-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs, were 11 cents per share. The real estate investment company posted revenue of $31.5 million in the period. Its adjusted revenue was $8.5 million. The company's shares closed at $2.10. A year ago, they were trading at $9.91. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on WMC at https:||www.zacks.com|ap|WMC