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Ellington Residential: Q1 Earnings Snapshot


Ellington Residential: Q1 Earnings Snapshot
May 3, 2021
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OLD GREENWICH, Conn. (AP) Ellington Residential Mortgage REIT (EARN) on Monday reported first-quarter net income of $127,000, after reporting a loss in the same period a year earlier.
The Old Greenwich, Connecticut-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.
The residential mortgage real estate investment trust posted revenue of $5.8 million in the period.
Ellington Residential shares have fallen 3% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.63, a climb of 43% 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 EARN at https://www.zacks.com/ap/EARN ....

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