AGNC Investment: Q2 Earnings Snapshot
By AP News
Published - Jul 24, 2023, 04:20 PM ET
Last Updated - Jul 24, 2023, 04:20 PM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — AGNC Investment Corp. (AGNC) on Monday reported second-quarter net income of $286 million, after reporting a loss in the same period a year earlier.
The Bethesda, Maryland-based company said it had net income of 43 cents per share. Earnings, adjusted for non-recurring costs, came to 67 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The real estate investment trust posted revenue of $457 million in the period. Its adjusted revenue was -$69 million.
