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VERO BEACH, Fla. (AP) — VERO BEACH, Fla. (AP) — Armour Residential REIT Inc. (ARR) on Friday reported fourth-quarter net income of $99.6 million.
On a per-share basis, the Vero Beach, Florida-based company said it had profit of $1.96. Earnings, adjusted for non-recurring gains, were $1.07 per share.
The real estate investment trust posted revenue of $146.2 million in the period. Its adjusted revenue was $5.8 million.
For the year, the company reported that its loss narrowed to $67.9 million, or $1.86 per share. Revenue was reported as $27.1 million.
Armour Residential REIT shares have fallen almost 3% since the beginning of the year. In the final minutes of trading on Friday, shares hit $18.78, a drop of 25% 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