Barings BDC: 2Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Tuesday reported second-quarter earnings of $9.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 18 cents. Earnings, adjusted for investment gains, were 15 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The business development company posted revenue of $19.6 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $19.9 million.
Barings BDC shares have risen 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.91, a decrease of 16% in the last 12 months.