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Main Street Capital beats Street 4Q forecasts

HOUSTON (AP) _ Main Street Capital Corp. (MAIN) on Thursday reported fourth-quarter earnings of $48 million.

The Houston-based company said it had net income of 90 cents per share. Earnings, adjusted for non-recurring gains, came to 57 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The investment firm posted revenue of $46.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $46.1 million.

For the year, the company reported profit of $138.9 million, or $2.67 per share. Revenue was reported as $178.3 million.

Main Street Capital shares have risen roughly 2 percent since the beginning of the year.

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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 MAIN at https://www.zacks.com/ap/MAIN

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Keywords: Main Street Capital, Earnings Report