- Associated Press
Thursday, April 22, 2021

VERO BEACH, Fla. (AP) - In a story April 21 about Armour Residential REIT’s results - generated by Automated Insights using data from Zacks Investment Research - The Associated Press reported erroneously that the company posted a loss. Instead the company earned a profit.

A corrected version of the story is below:


Armour Residential REIT: Q1 Earnings Snapshot

VERO BEACH, Fla. (AP) - Armour Residential REIT Inc. (ARR) on Wednesday reported a profit of $71.3 million in its first quarter.

On a per-share basis, the Vero Beach, Florida-based company said it had a profit of $1.03. Earnings, adjusted for non-recurring costs, came to 23 cents per share.

The real estate investment trust posted revenue of $18.6 million in the period. Its adjusted revenue was $16.1 million.

Armour Residential REIT shares have increased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.02, a rise of 42% in the last 12 months.

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Elements of this story were 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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