VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Orchid Island Capital Inc. (ORC) on Thursday reported net income of $27.1 million in its fourth quarter.

The Vero Beach, Florida-based company said it had net income of 52 cents per share. Losses, adjusted for investment gains, came to 13 cents per share.

For the year, the company reported a loss of $39.2 million, or 89 cents per share.

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