SANTA MONICA, Calif. (AP) _ Anworth Mortgage Asset Corp. (ANH) on Tuesday reported third-quarter net income of $21.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Monica, California-based company said it had profit of 19 cents. Earnings, adjusted for non-recurring gains, were 4 cents per share.
The real estate investment trust that buys mortgage debt posted revenue of $30.8 million in the period. Its adjusted revenue was $24.7 million.
In the final minutes of trading on Tuesday, the company's shares hit $1.69. A year ago, they were trading at $3.39.
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