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PennantPark: Fiscal 1Q Earnings Snapshot

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NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Tuesday reported fiscal first-quarter earnings of $26.1 million.

On a per-share basis, the New York-based company said it had net income of 67 cents. Earnings, adjusted for investment gains, came to 26 cents per share.

The investment company posted revenue of $20.7 million in the period.

PennantPark shares have climbed 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.79, a drop of almost 6% 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 PFLT at https://www.zacks.com/ap/PFLT