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Alcentra Capital: 1Q Earnings Snapshot

NEW YORK (AP) _ Alcentra Capital Corp. (ABDC) on Monday reported first-quarter earnings of $2 million.

The New York-based company said it had profit of 15 cents per share. Earnings, adjusted for investment costs, came to 22 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 22 cents per share.

The asset management and investment group posted revenue of $6.4 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.2 million.

Alcentra Capital shares have increased 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.32, an increase of 31% in the last 12 months.


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