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BEAVERTON, Oregon (AP) – Great Ajax Corp. (AJX) reported a second-quarter profit of $8.8 million on Tuesday.
The Company based in Beaverton, Oregon, said it had a net revenue stream of 27 cents consistent with the stake.
Genuine real estate investment is accepted as true with recorded earnings of $16.3 million during the period. The adjusted profit was $10.6 million, according to Street’s forecast. Three analysts interviewed through Zacks predicted $12.7 million.
Ajax’s big stocks have fallen by 40% since the beginning of the year. In Tuesday’s final trading minutes, stocks reached $8.84, a 35% drop in the last 12 months.
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This story was generated through the knowledge of Automated Insights (http://automatedinsights.com/ap) from Zacks Investment Research. Access a Zacks share report for AJX in https://www.zacks.com/ap/AJX