NEW YORK (AP) _ New Residential Investment Corp. (NRZ) on Tuesday reported fourth-quarter profit of $83 million.

The New York-based company said it had net income of 16 cents per share. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.

The real estate investment trust posted revenue of $570.7 million in the period. Its adjusted revenue was $113.4 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $115.8 million.

For the year, the company reported a loss of $1.41 billion, or $3.52 per share, swinging to a loss in the period. Revenue was reported as $518.1 million.

New Residential Investment shares have risen roughly 2% since the beginning of the year. The stock has decreased 42% 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 NRZ at https://www.zacks.com/ap/NRZ

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