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Goldman Sachs BDC: 1Q Earnings Snapshot

NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Thursday reported first-quarter net income of $2.2 million.

On a per-share basis, the New York-based company said it had net income of 6 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The specialty finance company posted revenue of $36.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $36.7 million.

Goldman Sachs BDC shares have risen 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.73, a rise of slightly more than 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSBD at https://www.zacks.com/ap/GSBD