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Capital Southwest: Fiscal 2Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Capital Southwest Corp. (CSWC) on Friday reported fiscal second-quarter profit of $16.4 million.

On a per-share basis, the Dallas-based company said it had profit of 88 cents. Earnings, adjusted for investment gains, came to 45 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The business development company posted revenue of $16.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $15.7 million.

Capital Southwest shares have declined 36% since the beginning of the year.

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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 CSWC at https://www.zacks.com/ap/CSWC