Stellus Capital: Q2 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Stellus Capital Investment Corp. (SCM) on Wednesday reported second-quarter net income of $3.7 million.

The Houston-based company said it had profit of 17 cents per share. Earnings, adjusted for investment costs and pretax expenses, came to 51 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The investment company posted revenue of $26.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $25.7 million.

_____

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