ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Two Harbors Investments Corp. (TWO) on Tuesday reported profit of $32.3 million in its first quarter.

The St. Louis Park, Minnesota-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 34 cents per share.

The real estate investment trust that invests in mortgage-backed securities posted revenue of $88.7 million in the period. Its adjusted revenue was -$6.5 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TWO at https://www.zacks.com/ap/TWO