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Fidus Investment: 1Q Earnings Snapshot

EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported first-quarter earnings of $11.4 million.

On a per-share basis, the Evanston, Illinois-based company said it had profit of 46 cents. Earnings, adjusted for investment gains, were 41 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The closed-end investment company posted revenue of $20.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $19 million.

Fidus Investment shares have risen 36% 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 FDUS at https://www.zacks.com/ap/FDUS