NEW YORK (AP) _ KCAP Financial Inc. (KCAP) on Tuesday reported third-quarter net income of $1.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 4 cents. Earnings, adjusted for investment costs, were 8 cents per share.
The business development company posted revenue of $7.2 million in the period.
In the final minutes of trading on Tuesday, the company's shares hit $3.08. A year ago, they were trading at $3.38.
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