AP NEWS

Monroe Capital: 3Q Earnings Snapshot

November 6, 2019 GMT

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Wednesday reported third-quarter net income of $3.7 million, after reporting a loss in the same period a year earlier.

The Chicago-based company said it had profit of 17 cents per share. Earnings, adjusted for investment costs, were 35 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share.

The business development company posted revenue of $17.3 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $17.6 million.

Monroe Capital shares have increased 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.20, a decrease of 11% in the last 12 months.

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