ST. LOUIS PARK, Minn. (AP) 鈥� ST. LOUIS PARK, Minn. (AP) 鈥� Two Harbors Investments Corp. (TWO) on Tuesday reported profit of $32.3 million in its first quarter.
The St. Louis Park, Minnesota-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 34 cents per share.
The real estate investment trust that invests in mortgage-backed securities posted revenue of $88.7 million in the period. Its adjusted revenue was -$6.5 million.
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