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ARLINGTON, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Tuesday reported a loss of $23.5 million in its second quarter.
The company, based in Arlington, Virginia, said it had a loss of 67 cents per share. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
The investment company posted revenue of $32.7 million in the period. Its revenue net of interest expense was $6.6 million, which topped Street forecasts.
Arlington Asset Investment shares have declined 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.20, a fall of 40% 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 AI at https://www.zacks.com/ap/AI
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