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Cherry Hill posts 3Q profit

MOORESTOWN, N.J. (AP) _ Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported third-quarter earnings of $6.9 million.

On a per-share basis, the Moorestown, New Jersey-based company said it had net income of 49 cents. Earnings, adjusted for one-time items, came to 52 cents per share.

The residential real estate finance company posted revenue of $11.9 million in the period. Its adjusted revenue was $5.8 million.

Cherry Hill shares have dropped slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.95, an increase of 12 percent in the last 12 months.

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