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Fidus Investment tops Street 4Q forecasts

EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported fourth-quarter profit of $12.6 million.

The Evanston, Illinois-based company said it had profit of 62 cents per share. Earnings, adjusted for investment gains, were 39 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The closed-end investment company posted revenue of $17.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $15.2 million.

For the year, the company reported profit of $41.6 million, or $2.27 per share. Revenue was reported as $60.2 million.

Fidus Investment shares have increased 8 percent 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


Keywords: Fidus Investment, Earnings Report