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PennantPark: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Monday reported a loss of $21.1 million in its fiscal second quarter.

The New York-based company said it had a loss of 54 cents per share. Earnings, adjusted for investment costs, came to 30 cents per share.

The investment company posted revenue of $26.3 million in the period.

PennantPark shares have dropped 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.78, a fall of 44% 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