Barings BDC: Q4 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported fourth-quarter net income of $29.9 million, after reporting a loss in the same period a year earlier.
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Barings BDC, Inc. (BBDC) on Thursday reported fourth-quarter net income of $29.9 million, after reporting a loss in the same period a year earlier.
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The Charlotte, North Carolina-based company said it had net income of 28 cents per share. Earnings, adjusted for investment costs, were 31 cents per share.
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The business development company posted revenue of $75.8 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $71.3 million.
For the year, the company reported profit of $128 million, or $1.20 per share. Revenue was reported as $289.2 million.
Barings BDC shares have risen 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.18, a climb of roughly 7% 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 BBDC at https://www.zacks.com/ap/BBDC