BEAVERTON, Ore. (AP) _ Great Ajax Corp. (AJX) on Tuesday reported second-quarter profit of $8.8 million.
The Beaverton, Oregon-based company said it had net income of 27 cents per share.
The real estate investment trust posted revenue of $16.3 million in the period. Its adjusted revenue was $10.6 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $12.7 million.
Great Ajax shares have declined 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.84, a fall of 35% 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 AJX at https://www.zacks.com/ap/AJX
Automated Insights, source Associated Press News