ATLANTA (AP) — ATLANTA (AP) — Angel Oak Mortgage Inc. (AOMR) on Tuesday reported a loss of $3.7 million in its second quarter.

The Atlanta-based company said it had a loss of 15 cents per share. Losses, adjusted for non-recurring gains, came to 16 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The real estate finance company posted revenue of $23.8 million in the period.

Angel Oak shares have risen 96% since the beginning of the year. The stock has declined 37% in the last 12 months.

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