THL Credit: 1Q Earnings Snapshot
BOSTON (AP) _ THL Credit Inc. (TCRD) on Thursday reported a first-quarter loss of $66.2 million, after reporting a profit in the same period a year earlier.
The Boston-based company said it had a loss of $2.22 per share. Earnings, adjusted for investment costs, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The business development company posted revenue of $7.9 million in the period.
The company’s shares closed at $3.13. A year ago, they were trading at $6.87.