NEW YORK (AP) — NEW YORK (AP) — Ready Capital Corporation (RC) on Tuesday reported fourth-quarter profit of $9.8 million.

On a per-share basis, the New York-based company said it had profit of 4 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 26 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The real estate investment trust posted revenue of $250.1 million in the period. Its adjusted revenue was $52.5 million, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $66 million.

For the year, the company reported profit of $339.5 million, or $2.22 per share. Revenue was reported as $229.3 million.

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