Armour Residential REIT: 4Q Earnings Snapshot

VERO BEACH, Fla. (AP) _ Armour Residential REIT Inc. (ARR) on Wednesday reported fourth-quarter net income of $108.7 million, after reporting a loss in the same period a year earlier.

The Vero Beach, Florida-based company said it had profit of $1.78 per share. Earnings, adjusted for non-recurring gains, were 55 cents per share.

The real estate investment trust posted revenue of $100.5 million in the period. Its adjusted revenue was $41.1 million.

For the year, the company reported that its loss widened to $249.9 million, or $4.59 per share. Revenue was reported as $151.3 million.

Armour Residential REIT shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.79, a drop of almost 1% 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