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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.
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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 DX at https://www.zacks.com/ap/DX
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