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Golub Capital BDC: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Golub Capital BDC Inc. (GBDC) on Wednesday reported fiscal first-quarter profit of $18.4 million.

On a per-share basis, the New York-based company said it had net income of 31 cents. Earnings, adjusted for one-time gains and costs, came to 32 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.

The business development company posted revenue of $39.4 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $39.5 million.

Golub Capital BDC shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.38, an increase of slightly more than 1 percent 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 GBDC at https://www.zacks.com/ap/GBDC