VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported third-quarter net income of $58.4 million, after reporting a loss in the same period a year earlier.

The Vero Beach, Florida-based company said it had net income of 86 cents per share. Earnings, adjusted for non-recurring gains, came to 35 cents per share.

The real estate investment trust posted revenue of $53.5 million in the period. Its adjusted revenue was $50.5 million.

Armour Residential REIT shares have dropped 47% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.43, a fall of 44% 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 ARR at https://www.zacks.com/ap/ARR

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