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Capitala Finance: 3Q Earnings Snapshot

·1 min read

CHARLOTTE, N.C. (AP) _ Capitala Finance Corp. (CPTA) on Tuesday reported third-quarter net income of $3.4 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.24. Earnings, adjusted for investment gains, came to 28 cents per share.

The business development company posted revenue of $6.7 million in the period.

Capitala Finance shares have dropped 83% 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 CPTA at https://www.zacks.com/ap/CPTA