Ellington Residential: 4Q Earnings Snapshot

OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Monday reported a fourth-quarter loss of $10.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Old Greenwich, Connecticut-based company said it had a loss of 80 cents. Earnings, adjusted for non-recurring costs, were 32 cents per share.

The residential mortgage real estate investment trust posted revenue of $4.8 million in the period.

For the year, the company reported a loss of $11.3 million, or 88 cents per share, swinging to a loss in the period. Revenue was reported as $22 million.

Ellington Residential shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.64, a climb of roughly 9 percent 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 EARN at https://www.zacks.com/ap/EARN