Armour Residential REIT posts 4Q profit

VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported fourth-quarter net income of $94.1 million.

On a per-share basis, the Vero Beach, Florida-based company said it had profit of $2.45. Earnings, adjusted for non-recurring gains, came to 71 cents per share.

The real estate investment trust posted revenue of $47.1 million in the period. Its adjusted revenue was $42.6 million.

For the year, the company reported that its loss narrowed to $45.5 million, or $1.67 per share. Revenue was reported as $190.9 million.

Armour Residential REIT shares have declined almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.49, an increase of 16 percent 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 ARR at https://www.zacks.com/ap/ARR

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Keywords: Armour Residential REIT, Earnings Report