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Arbor Realty Trust: Q2 Earnings Snapshot
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UNIONDALE, N.Y. (AP) — UNIONDALE, N.Y. (AP) — Arbor Realty Trust (ABR) on Friday reported a second-quarter loss of $27 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Uniondale, New York-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 10 cents per share.

The real estate investment trust posted revenue of $230.9 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $230.7 million.

The company's shares closed at $4.79. A year ago, they were trading at $11.47.

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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 ABR at https://www.zacks.com/ap/ABR

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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