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BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Monday reported fourth-quarter net income of $775 million.
On a per-share basis, the Bethesda, Maryland-based company said it had profit of $1.37. Earnings, adjusted for non-recurring gains, were 75 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The real estate investment trust posted revenue of $183 million in the period. Its adjusted revenue was $459 million.
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AGNC Investment shares have increased 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.25, a decline of 12% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGNC at https://www.zacks.com/ap/AGNC
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