Capstead: Q2 Earnings Snapshot – Miami Herald
Business
DALLAS
Capstead Mortgage Corp. (CMO) on Wednesday reported second-quarter profit of $15.5 million.
The Dallas-based company said it had net income of 11 cents per share. Earnings, adjusted for non-recurring gains, came to 9 cents per share.
The real estate investment trust posted revenue of $20.8 million in the period.
Capstead shares have risen 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.34, a climb of nearly 6% in the last 12 months.
Read Next
The spread of the COVID-19 delta variant is raising infection rates, leading some businesses and governments to require vaccinations and raising concerns about the U.S. economic recovery.
$2 for 2 months
#ReadLocal
Subscribe for unlimited access to our website, app, eEdition and more
