Federal Agricultural Mortgage Q2 Core Earnings Drop, Revenue Rises

MT Newswires Live08-06

Federal Agricultural Mortgage (AGM) reported Q2 core earnings late Monday of $3.63 per diluted share, down from $3.86 per share a year earlier.

Three analysts polled by Capital IQ expected $4.08.

Revenue for the quarter ended June 30 rose to $89.2 million from $86.8 million a year earlier.

Two analysts surveyed by Capital IQ expected $91.8 million.

The company's shares were up 2.6% in after-hours activity.

Price: 192.49, Change: +4.90, Percent Change: +2.61

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