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Goldman Sachs BDC misses Street 4Q forecasts

NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Tuesday reported fourth-quarter net income of $5.6 million.

The New York-based company said it had profit of 15 cents per share. Earnings, adjusted for investment costs, were 50 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The specialty finance company posted revenue of $30.5 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $33.3 million.

For the year, the company reported profit of $40.7 million, or $1.12 per share. Revenue was reported as $125.1 million.

Goldman Sachs BDC shares have climbed almost 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.63, a climb of 31 percent in the last 12 months.

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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

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Keywords: Goldman Sachs BDC, Earnings Report