U.S. markets closed
  • S&P 500

    3,638.35
    +8.70 (+0.24%)
     
  • Dow 30

    29,910.37
    +37.90 (+0.13%)
     
  • Nasdaq

    12,205.85
    +111.44 (+0.92%)
     
  • Russell 2000

    1,855.27
    +10.25 (+0.56%)
     
  • Crude Oil

    45.53
    -0.18 (-0.39%)
     
  • Gold

    1,781.90
    -23.60 (-1.31%)
     
  • Silver

    22.64
    -0.81 (-3.44%)
     
  • EUR/USD

    1.1970
    +0.0057 (+0.48%)
     
  • 10-Yr Bond

    0.8420
    -0.0360 (-4.10%)
     
  • GBP/USD

    1.3314
    -0.0042 (-0.32%)
     
  • USD/JPY

    104.0500
    -0.2000 (-0.19%)
     
  • BTC-USD

    17,076.97
    -4.23 (-0.02%)
     
  • CMC Crypto 200

    333.27
    -4.23 (-1.25%)
     
  • FTSE 100

    6,367.58
    +4.65 (+0.07%)
     
  • Nikkei 225

    26,644.71
    +107.40 (+0.40%)
     

PennantPark: Fiscal 4Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ PennantPark Investment Corp. (PNNT) on Thursday reported fiscal fourth-quarter net income of $9.5 million.

The New York-based company said it had net income of 14 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The business development company posted revenue of $21.3 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $23.8 million.

For the year, the company reported a loss of $16 million, or 24 cents per share, swinging to a loss in the period. Revenue was reported as $100.2 million.

In the final minutes of trading on Thursday, the company's shares hit $4.21. A year ago, they were trading at $5.95.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNNT at https://www.zacks.com/ap/PNNT