(RTTNews) - AG Mortgage Investment Trust, Inc. (MITT) shares are sliding on Friday, after reporting a fall to loss in the second quarter, compared to the prior year profit.
The shares are currently down 5.66 percent at $7.17, while it closed at $7.60 on Thursday.
The quarterly loss attributable to common stockholders was $661 million or $0.02 per share compared to profit of $3.470 million or $0.17 per share last year.
On average, 5 analysts polled by Thomson Reuters expected the company to earn $0.26 per share. Analysts estimates usually exclude special items.
Net interest income for the residential mortgage REIT increased to $16.381 million from $11.359 million a year ago. Total other loss was $4.89 million, compared to income of $3.52 million in the same quarter last year.
Wall Street were expecting revenue of $17.03 million.
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