Ellington Residential Mortgage REIT (EARN) Reports Q1 EPS of $0.53
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Ellington Residential Mortgage REIT Reports First Quarter 2016 Results
May 3, 2016 6:18 PM EDTOLD GREENWICH, Conn., May 3, 2016 /PRNewswire/ -- Ellington Residential Mortgage REIT (NYSE: EARN) today reported financial results for the quarter ended March 31, 2016.
Summary of Financial Results
Net loss for the quarter was $(0.2) million, or $(0.03) per share, as compared to net income of $1.0 million, or $0.11 per share, in the fourth quarter of 2015. Core Earnings1 for the quarter was $4.9 million, or $0.53 per share, as compared to $4.5 million, or $0.49 per share, in the fourth quarter of 2015. Excluding "Catch-up Premium Amortization Adjustment," Core Earnings for the... More