Armour Residential REIT: Q3 Earnings Snapshot

VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Armour Residential REIT Inc. (ARR) on Wednesday reported a third-quarter loss of $323.7 million, after reporting a profit in the same period a year earlier.

The Vero Beach, Florida-based company said it had a loss of $2.26 per share. Earnings, adjusted for non-recurring costs, came to 71 cents per share.

The real estate investment trust posted revenue of $274.3 million in the period. Its adjusted revenue was $83.7 million.

Armour Residential REIT shares have dropped 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.81, a drop of 18% 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 ARR at https://www.zacks.com/ap/ARR