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MCLEAN, Va. (AP) _ Arlington Asset Investment Corp. (AAIC) on Tuesday reported a second-quarter loss of $7.1 million, after reporting a profit in the same period a year earlier.
The McLean, Virginia-based company said it had a loss of 24 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The investment company posted revenue of $7 million in the period. Its adjusted revenue was $5.1 million.
In the final minutes of trading on Tuesday, the company’s shares hit $3.82. A year ago, they were trading at $2.61.
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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 AAIC at https://www.zacks.com/ap/AAIC
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