Starwood Property Trust: Q2 Earnings Snapshot

GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Starwood Property Trust Inc. (STWD) on Tuesday reported second-quarter earnings of $77.9 million.

The Greenwich, Connecticut-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 48 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 48 cents per share.

The commercial real estate investment trust posted revenue of $489.8 million in the period.

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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 STWD at https://www.zacks.com/ap/STWD