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DALLAS (AP) _ Capital Southwest Corp. (CSWC) on Monday reported fiscal third-quarter net income of $15.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had profit of 80 cents. Earnings, adjusted for investment gains, came to 45 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The business development company posted revenue of $19 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $16.6 million.
Capital Southwest shares have increased roughly 4% since the beginning of the year.