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Barings BDC: 3Q Earnings Snapshot

·1 min read

CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Monday reported third-quarter net income of $43.2 million.

The Charlotte, North Carolina-based company said it had profit of 90 cents per share. Earnings, adjusted for investment gains, came to 17 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The business development company posted revenue of $16.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $16.9 million.

Barings BDC shares have fallen 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.05, a decrease of 22% 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 BBDC at https://www.zacks.com/ap/BBDC