Dynex Capital: 1Q Earnings Snapshot
GLEN ALLEN, Va. (AP) _ Dynex Capital Inc. (DX) on Wednesday reported a first-quarter loss of $52.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Glen Allen, Virginia-based company said it had a loss of 81 cents. Earnings, adjusted for non-recurring costs, were 18 cents per share.
The mortgage real estate investment trust posted revenue of $40 million in the period. Its adjusted revenue was $13.7 million.
Dynex Capital shares have increased roughly 7% since the beginning of the year. The stock has dropped slightly more than 7% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DX at https://www.zacks.com/ap/DX