By Sabela Ojea
Dynex Capital reported a loss in the latest quarter, citing a shift in the external operational environment.
The Glen Allen, Va., financial-services company on Monday posted a first-quarter net loss of $3.1 million, or 6 cents a share, compared with a profit of $40.1 million, or 64 cents a share, a year earlier. Analysts polled by FactSet had forecast earnings of 30 cents a share.
Net interest income rose sequentially to $17.1 million, compared with $6.9 million in fourth quarter.
"Over the past several quarters, we have deliberately positioned ourselves for a more dynamic macroeconomic environment," Co-Chief Executive Byron Boston said, and Co-CEO Smriti Popenoe added that the company remained agile despite the challenging environment.
The company raised $240 million in equity capital and ended the period with liquidity of $790 million, Dynex said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 21, 2025 08:32 ET (12:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。