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GLEN ALLEN, Va. (AP) _ Dynex Capital Inc. (DX) on Wednesday reported a loss of $98.5 million in its first quarter.
The Glen Allen, Virginia-based company said it had a loss of $4.63 per share. Earnings, adjusted for non-recurring costs, came to 51 cents per share.
The mortgage real estate investment trust posted revenue of $39.8 million in the period. Its adjusted revenue was $17.7 million.
Dynex Capital shares have dropped 19% since the beginning of the year. The stock has fallen 24% in the last 12 months.
Insight by PROPRICER: A new Federal News Network report demonstrates that DoD’s need for speed and accuracy means it has to update their acquisition processes and ensure it has quality data.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DX at https://www.zacks.com/ap/DX
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