Solar Capital: 3Q Earnings Snapshot
NEW YORK (AP) _ Solar Capital Ltd. (SLRC) on Monday reported third-quarter net income of $13.7 million.
On a per-share basis, the New York-based company said it had net income of 32 cents. Earnings, adjusted for investment costs, came to 44 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share.
The business development company posted revenue of $39.7 million in the period.
Solar Capital shares have climbed almost 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.70, falling slightly in the last 12 months.