CHICAGO (AP) _ Monroe Capital Corporation (MRCC) on Tuesday reported fourth-quarter profit of $4.1 million.
On a per-share basis, the Chicago-based company said it had net income of 21 cents. Earnings, adjusted for investment costs, were 37 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The business development company posted revenue of $18 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $17.5 million.
Monroe Capital shares have decreased roughly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.34, a drop of 15% in the last 12 months.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
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
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