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Monroe Capital: 3Q Earnings Snapshot

·1 min read

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Wednesday reported third-quarter profit of $15.2 million.

On a per-share basis, the Chicago-based company said it had profit of 71 cents. Earnings, adjusted for investment gains, were 26 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The business development company posted revenue of $13.4 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $13.3 million.

Monroe Capital shares have decreased 40% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.53, a drop of 42% 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