Citing a writedown of Freddie Mac preferred stock, Astoria Financial Corp. in Lake Success, N.Y., said late Wednesday that it swung to a third-quarter loss of $16.5 million, or 18 cents a share, from a profit of $35.3 million, or 39 cents a share, a year earlier.

Excluding the $57.9 million other-than-temporary impairment charge on its Freddie stock, Astoria Financial said its operating profit increased 24%, to 46 cents a share, beating the average analyst estimate by 4 cents, according to Thomson Reuters.

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