Main Street Capital: 4Q Earnings Snapshot
HOUSTON (AP) _ Main Street Capital Corp. (MAIN) on Thursday reported fourth-quarter net income of $16 million.
On a per-share basis, the Houston-based company said it had net income of 25 cents. Earnings, adjusted for investment costs, were 62 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The investment firm posted revenue of $60.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $59.2 million.
For the year, the company reported profit of $129.6 million, or $2.06 per share. Revenue was reported as $243.4 million.
Main Street Capital shares have fallen 11% since the beginning of the year.