AGNC Investment: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2023, 04:24 PM ET
Last Updated - Jun 22, 2023, 04:27 AM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — AGNC Investment Corp. (AGNC) on Monday reported a loss of $151 million in its first quarter.
The Bethesda, Maryland-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs, came to 70 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The real estate investment trust posted revenue of $351 million in the period. Its adjusted revenue was -$98 million.
