U.S. Markets open in 11 mins

KCAP Financial: 1Q Earnings Snapshot

NEW YORK (AP) _ KCAP Financial Inc. (KCAP) on Wednesday reported first-quarter profit of $2.6 million.

On a per-share basis, the New York-based company said it had net income of 7 cents.

The business development company posted revenue of $6.8 million in the period.

The company's shares closed at $3.15. A year ago, they were trading at $3.76.

_____

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