WASHINGTON (dpa-AFX) - AGNC Investment Corp. (AGNC) announced a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $15 million, or $0.02 per share. This compares with $412 million, or $0.59 per share, last year.
Excluding items, AGNC Investment Corp. reported adjusted earnings of $403 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
AGNC Investment Corp. earnings at a glance (GAAP) :
-Earnings: $15 Mln. vs. $412 Mln. last year. -EPS: $0.02 vs. $0.59 last year.
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