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American Capital Agency's Q4 Beats Views

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American Capital Agency Corp. (NASDAQ: AGNC) 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 a share, compared with a loss of $25 million, or $0.07 a share for the period ended September 30, 2014.

Wall Street expected $0.69 a share for the recent period.

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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 a share for the fourth quarter, compared with income of $0.54 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 [the company's] relatively low leverage and favorable asset composition."


Posted-In: Earnings News


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