NEW YORK (AP) _ Garrison Capital Inc. (GARS) on Tuesday reported a third-quarter loss of $16.5 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of $1.03 per share. Earnings, adjusted for investment costs, came to 21 cents per share.
The business development company posted revenue of $9.7 million in the period.
Garrison Capital shares have climbed almost 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.68, a fall of 14% in the last 12 months.