Alcentra Capital: 3Q Earnings Snapshot
NEW YORK (AP) _ Alcentra Capital Corp. (ABDC) on Tuesday reported third-quarter profit of $1.8 million.
On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for investment gains, came to 13 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The asset management and investment group posted revenue of $5.6 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $6.2 million.
Alcentra Capital shares have increased 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.81, an increase of 51% in the last 12 months.