By Ben Glickman
AGNC Investment said the tangible net book value per share fell in the third-quarter based on preliminary results, and had continue to slide in the nearly two months since because of market volatility. The real-estate investment trust said it expected to post a third-quarter total comprehensive loss of $1.02 a share. Shares slide 10%, to $7.28, after-hours.
Herc Holdings will explore strategic alternatives for its studio management and lighting and grip-equipment rental business, Cinelease. The equipment rental company’s Chief Executive Larry Silber said the decision was made due to shifting dynamics in studio entertainment. Shares rise 5%, to $112.60, after-hours.
Redfin secured a financing deal with Apollo Capital Management worth up to $250 million. The real-estate brokerage said the deal would strengthen its balance sheet by pushing out debt maturities and giving additional flexibility. Shares rise 9.4%, to $5.58, after-hours.
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