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Monroe Capital: 2Q Earnings Snapshot

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  • MRCC

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported second-quarter profit of $4.3 million.

On a per-share basis, the Chicago-based company said it had net income of 21 cents. Earnings, adjusted for investment costs, came to 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The business development company posted revenue of $14.8 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $15.3 million.

Monroe Capital shares have fallen nearly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.65, a decline of roughly 5 percent 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