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PennantPark: Fiscal 4Q Earnings Snapshot

NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Wednesday reported fiscal fourth-quarter net income of $7.4 million.

The New York-based company said it had profit of 18 cents per share. Earnings, adjusted for investment costs, were 29 cents per share.

The investment company posted revenue of $23.9 million in the period.

For the year, the company reported profit of $11.4 million, or 29 cents per share. Revenue was reported as $92.9 million.

PennantPark shares have risen roughly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.89, a decline of 8% 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