AGNC Investment Corp. Reports Fourth-Quarter Earnings Below Expectations
BETHESDA, Md. -- AGNC Investment Corp. (AGNC) reported fourth-quarter earnings of $122 million, missing Wall Street estimates.
On a per-share basis, the company reported earnings of 10 cents. Excluding non-recurring costs, earnings came in at 37 cents per share, below the consensus estimate of 42 cents per share from four analysts surveyed by Zacks Investment Research.
Revenue for the quarter was $856 million, with adjusted revenue reaching $115 million. Both figures fell short of analysts' forecasts, with three analysts surveyed by Zacks expecting $150.6 million in adjusted revenue.
For the full year, AGNC reported a profit of $863 million or 93 cents per share, with revenue totaling $18 million.
AGNC Investment shares have gained approximately 7% year-to-date. In Monday's closing minutes, shares reached $9.84, showing a slight increase over the past 12 months.