BOSTON (AP) _ THL Credit Inc. (TCRD) on Monday reported third-quarter net income of $311,000.
The Boston-based company said it had net income of 1 cent per share. Earnings, adjusted for investment costs, were 22 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The business development company posted revenue of $12.8 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $13.5 million.
THL Credit shares have risen 14% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.94, a decrease of almost 9% in the last 12 months.