Dynex Capital: 3Q Earnings Snapshot

GLEN ALLEN, Va. (AP) _ Dynex Capital Inc. (DX) on Wednesday reported third-quarter net income of $40.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Glen Allen, Virginia-based company said it had net income of $1.62. Earnings, adjusted for non-recurring gains, were 61 cents per share.

The mortgage real estate investment trust posted revenue of $20.1 million in the period. Its adjusted revenue was $16.7 million.

Dynex Capital shares have dropped 5.5% since the beginning of the year. The stock has risen roughly 5% 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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