American Capital Agency Corp.'s Q4 Beats Views

American Capital Agency Corp.

shares gained in the extended session after the company beat fourth-quarter expectations. The real estate investment trust, which invests in mortgages, changed hands recently at $21.75, up 1.40 percent. Comprehensive income attributable to shareholders for the fourth quarter equaled $304 million, or $0.86 cents a share, compared with a loss of $25 million, or $0.07 cents a share for the period ended Sept 30, 2014. Wall Street expected $0.69 cents a share for the recent period. The Bethesda, Maryland-based company, which didn't provide results for the year-earlier quarter, posted a net loss attributable to shareholders of $330 million, or $0.94 cents a share for the fourth quarter, compared with income of $190, or $0.54 cents a share in the preceding quarter. Net interest income fell to $250 million, from $269 million in the September period. Chief Executive Gary Kain said the company's portfolio is "well positioned" for current low-interest rates, "given our relatively low leverage and favorable asset composition."