NEW YORK (AP) — NEW YORK (AP) — SLR Investment Corp. (SLRC) on Tuesday reported fourth-quarter earnings of $23.6 million.
The New York-based company said it had profit of 43 cents per share. Earnings, adjusted for investment costs, came to 44 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The business development company posted revenue of $59.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $59 million.
For the year, the company reported profit of $76.4 million, or $1.40 per share. Revenue was reported as $229.3 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 SLRC at https://www.zacks.com/ap/SLRC