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MVC Capital: Fiscal 3Q Earnings Snapshot

September 9, 2019 GMT

PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Monday reported fiscal third-quarter net income of $348,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Purchase, New York-based company said it had profit of 2 cents. Earnings, adjusted for investment costs, came to 16 cents per share.

The business development company posted revenue of $7.5 million in the period.

MVC Capital shares have climbed slightly more than 8% since the beginning of the year. The stock has decreased 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MVC at https://www.zacks.com/ap/MVC