NEW YORK (AP) _ Medley Capital Corp. (MCC) on Monday reported fiscal first-quarter net income of $4.2 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 8 cents. Losses, adjusted for gains related to mergers and acquisitions and investment gains, came to 3 cents per share.
The investment firm posted revenue of $7.5 million in the period.
In the final minutes of trading on Monday, the company's shares hit $2.10. A year ago, they were trading at $3.23.