NEW YORK (AP) _ Alcentra Capital Corp. (ABDC) on Thursday reported fourth-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 36 cents per share. Earnings, adjusted for investment costs, came to 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The asset management and investment group posted revenue of $10.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $9.5 million.
For the year, the company reported profit of $8.8 million, or 65 cents per share. Revenue was reported as $40.6 million.
Alcentra Capital shares have climbed 5.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.63, a climb of 24 percent in the last 12 months.
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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 ABDC at https://www.zacks.com/ap/ABDC
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Keywords: Alcentra Capital, Earnings Report
