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Monroe Capital: 4Q Earnings Snapshot

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported fourth-quarter earnings of $4.1 million.

The Chicago-based company said it had net income of 21 cents per share. Earnings, adjusted for investment costs, came to 37 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The business development company posted revenue of $18 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $17.5 million.

For the year, the company reported profit of $19.2 million, or 94 cents per share. Revenue was reported as $68.2 million.

Monroe Capital shares have dropped almost 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.34, a fall of 15% in the last 12 months.


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