Barings BDC: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported first-quarter profit of $39.7 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 37 cents. Earnings, adjusted for investment gains, were 25 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The business development company posted revenue of $67.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $66.6 million.
Barings BDC shares have fallen 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.30, a decline of 29% 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
