NEW YORK (AP) _ Alcentra Capital Corp. (ABDC) on Monday reported fourth-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 8 cents per share. Earnings, adjusted for investment costs, were 27 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The asset management and investment group posted revenue of $7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $6.6 million.
For the year, the company reported net income of $5.5 million, or 40 cents per share, swinging to a profit in the period. Revenue was reported as $29 million.
Alcentra Capital shares have climbed 16 percent since the beginning of the year. The stock has decreased nearly 3 percent 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