U.S. Markets closed

Capitala Finance: 3Q Earnings Snapshot

CHARLOTTE, N.C. (AP) _ Capitala Finance Corp. (CPTA) on Monday reported third-quarter net income of $1.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 11 cents. Earnings, adjusted for investment costs, were 18 cents per share.

The business development company posted revenue of $10.1 million in the period.

Capitala Finance shares have risen 15% since the beginning of the year.

_____

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