MVC Capital: Fiscal 2Q Earnings Snapshot
PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Monday reported fiscal second-quarter net income of $16 million, 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 net income of 90 cents. Earnings, adjusted for investment gains, came to 24 cents per share.
The business development company posted revenue of $8.6 million in the period.
MVC Capital shares have risen almost 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.93, a decrease of 12% in the last 12 months.