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PennantPark: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Wednesday reported fiscal first-quarter net income of $10 million.

On a per-share basis, the New York-based company said it had profit of 26 cents. Earnings, adjusted for investment costs, came to 29 cents per share.

The investment company posted revenue of $24.6 million in the period.

PennantPark shares have risen roughly 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.28, a fall of 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