Western Asset Mortgage Capital Posts Q1 Loss

(RTTNews) - Western Asset Mortgage Capital Corporation (WMC) Thursday reported first-quarter loss of $8.4 million or $0.32 per share, down from $20.8 million or $0.83 per share in the same period last year.

Core earnings for the quarter totaled $12.4 million or $0.46 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.63 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income decreased to $20.04 million from $28.57 million last year. Other income amounted to a negative $24.60 million, compared to a negative $53.22 million last year.