AGNC Investment: 4Q Earnings Snapshot

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BETHESDA, Md. (AP) _ AGNC Investment Corp. (AGNC) on Monday reported fourth-quarter net income of $775 million.

The Bethesda, Maryland-based company said it had profit of $1.37 per share. Earnings, adjusted for non-recurring gains, were 75 cents per share.

The results surpassed 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.

For the year, the company reported a loss of $266 million, or 66 cents per share, swinging to a loss in the period. Revenue was reported as $1.68 billion.

AGNC Investment shares have risen 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $16.25, a fall of 12% in the last 12 months.


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