Cherry Hill: 2Q Earnings Snapshot

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FARMINGDALE, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Monday reported a loss of $9.9 million in its second quarter.

On a per-share basis, the Farmingdale, New Jersey-based company said it had a loss of 73 cents. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The residential real estate finance company posted revenue of $10.1 million in the period. Its adjusted revenue was $6.7 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $5.3 million.

Cherry Hill shares have fallen 31% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.05, a fall of 32% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMI at https://www.zacks.com/ap/CHMI

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