NEW YORK (AP) — Two Harbors Investments Corp. (TWO) on Tuesday reported a second-quarter loss of $90.6 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 40 cents per share. Earnings, adjusted for non-recurring costs, were 39 cents per share.
The real estate investment trust that invests in mortgage-backed securities posted revenue of $261 million in the period. Its adjusted revenue was $68.6 million.
Two Harbors Investments shares have climbed almost 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.20, a decline of 11% in the last 12 months.