MIAMI (AP) _ WhiteHorse Finance Inc. (WHF) on Wednesday reported first-quarter profit of $7 million.
On a per-share basis, the Miami-based company said it had net income of 34 cents. Earnings, adjusted for investment costs, came to 37 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The lender to small companies posted revenue of $15.9 million in the period.
WhiteHorse shares have risen 14% since the beginning of the year. The stock has increased 11% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHF at https://www.zacks.com/ap/WHF