Monroe Capital: 1Q Earnings Snapshot

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported first-quarter net income of $7.4 million.

The Chicago-based company said it had profit of 36 cents per share. Earnings, adjusted for investment gains, were 35 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The business development company posted revenue of $16.2 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $16.6 million.

Monroe Capital shares have climbed 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.33, a decline of slightly more than 4% in the last 12 months.

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