CHICAGO (AP) — CHICAGO (AP) — Monroe Capital Corporation (MRCC) on Monday reported fourth-quarter earnings of $1.6 million.
The Chicago-based company said it had net income of 7 cents per share. Earnings, adjusted for investment costs and pretax expenses, were 26 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The business development company posted revenue of $15.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $16.4 million.
For the year, the company reported profit of $371,000, or 2 cents per share. Revenue was reported as $64.3 million.
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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 MRCC at https://www.zacks.com/ap/MRCC