BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Wednesday reported a first-quarter loss of $2.42 billion, after reporting a profit in the same period a year earlier.

The Bethesda, Maryland-based company said it had a loss of $4.46 per share. Earnings, adjusted for non-recurring costs, were 57 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The real estate investment trust posted revenue of $65 million in the period.

AGNC Investment shares have declined 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.81, a drop of 28% 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 AGNC at https://www.zacks.com/ap/AGNC

Automated Insights, source Associated Press News