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MVC Capital: Fiscal 4Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Monday reported a loss of $2.2 million in its fiscal fourth quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of 10 cents. Earnings, adjusted for investment costs, were 8 cents per share.

The business development company posted revenue of $6 million in the period.

For the year, the company reported a loss of $10.5 million, or 55 cents per share, swinging to a loss in the period. Revenue was reported as $22.9 million.

MVC Capital shares have increased almost 9 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.94, a drop 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 MVC at https://www.zacks.com/ap/MVC