NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Thursday reported a second-quarter loss of $81.2 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 48 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The real estate finance company posted revenue of $158.1 million in the period. Its adjusted revenue was $82.6 million.
Blackstone Mortgage shares have declined 14% since the beginning of the year. The stock has decreased 15% 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 BXMT at https://www.zacks.com/ap/BXMT
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