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Prospect Capital: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Prospect Capital Corp. (PSEC) on Wednesday reported fiscal first-quarter profit of $18.1 million.

On a per-share basis, the New York-based company said it had net income of 5 cents. Earnings, adjusted for investment costs, came to 19 cents per share.

The business development company posted revenue of $161.9 million in the period.

Prospect Capital shares have climbed 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.45, a decline of slightly more than 5% 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 PSEC at https://www.zacks.com/ap/PSEC