NEW YORK (AP) _ Ready Capital Corporation (RC) on Monday reported third-quarter earnings of $63.2 million.

The New York-based company said it had net income of 50 cents per share. Earnings, adjusted for non-recurring gains, were 44 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The real estate investment trust posted revenue of $186 million in the period. Its adjusted revenue was $70.5 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $79.9 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RC at https://www.zacks.com/ap/RC

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