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MCLEAN, Va. (AP) _ Arlington Asset Investment Corp. (AI) on Monday reported a first-quarter loss of $94.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the McLean, Virginia-based company said it had a loss of $2.59. Earnings, adjusted for non-recurring costs, were 17 cents per share.
The investment company posted revenue of $25 million in the period. Its adjusted revenue was $9.1 million.
The company’s shares closed at $2.65. A year ago, they were trading at $7.59.
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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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