Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
MCLEAN, Va. (AP) _ Gladstone Investment Corp. (GAIN) on Tuesday reported fiscal third-quarter earnings of $15.3 million.
The McLean, Virginia-based company said it had net income of 46 cents per share. Earnings, adjusted for investment gains, were 24 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The business development company posted revenue of $17.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $12.2 million.
Insight by Apptio: Learn how the SEC will utilize a new IT cost manager to review and analyze the agency’s spending on cloud services on a day-by-day basis in this free webinar.
Gladstone Investment shares have increased roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.58, a decrease of 20% 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 GAIN at https://www.zacks.com/ap/GAIN
Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.