PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Tuesday reported a fiscal second-quarter loss of $40.3 million, after reporting a profit in the same period a year earlier.
The Purchase, New York-based company said it had a loss of $2.28 per share. Earnings, adjusted for investment costs, came to 20 cents per share.
The business development company posted revenue of $7.7 million in the period.
MVC Capital shares have declined 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $7.19, a drop of 19% in the last 12 months.