Shares of Arlington Asset Investment (NYSE:AI) moved higher by 1.1% after the company reported Q1 results.
Earnings per share were down 46.88% year over year to $0.17, which beat the estimate of $0.15.
Revenue of $9,141,000 higher by 15.46% from the same period last year, which beat the estimate of $4,720,000.
Arlington Asset hasn't issued any earnings guidance for the time being.
Arlington Asset hasn't issued any revenue guidance for the time being.
52-week high: $7.68
Company's 52-week low was at $1.40
Price action over last quarter: down 58.39%
Arlington Asset Investment Corp is a U.S. based principal investment company. The company holds a leveraged MBS investment portfolio, including Agency MBS, private-label MBS, private-label interest-only MBS, and net long TBA positions, with Agency MBS accounting for the majority of total investment capital. Agency MBS consists of residential mortgage pass-through certificates, for which the U.S. government agency and government-sponsored enterprise guarantee the principal and interest payments. The company generates the majority of its total interest income from Agency MBS, with the rest from private-label MBS and other investments. The company focuses its business in the United States.