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Monroe Capital misses Street 4Q forecasts

CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported fourth-quarter earnings of $7.5 million.

On a per-share basis, the Chicago-based company said it had profit of 45 cents. Earnings, adjusted for investment gains, came to 35 cents per share.

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

The business development company posted revenue of $11.2 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $12 million.

For the year, the company reported profit of $24.4 million, or $1.68 per share. Revenue was reported as $45 million.

Monroe Capital shares have increased 2 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.69, an increase of 17 percent 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


Keywords: Monroe Capital, Earnings Report