ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported a first-quarter loss of $7.4 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 30 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 18 cents per share.
The real estate finance company posted revenue of $40.7 million in the period.
Angel Oak shares have increased almost 5% since the beginning of the year. The stock has decreased slightly more than 5% in the last 12 months.
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