ARMOUR Residential REIT Inc (ARR)

[Dallas66]

Armour Residential REIT posts 2Q profit
[Associated Press]
August 2, 2016

VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Tuesday reported second-quarter earnings of $21.2 million.

On a per-share basis, the Vero Beach, Florida-based company said it had profit of 47 cents. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The real estate investment trust posted revenue of $46.9 million in the period.

Armour Residential REIT shares have dropped slightly since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.69, a fall of slightly more than 5 percent in the last 12 months.