Capitala Finance: 2Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Capitala Finance Corp. (CPTA) on Monday reported second-quarter net income of $4.9 million, after reporting a loss in the same period a year earlier.
The Charlotte, North Carolina-based company said it had net income of 26 cents per share. Earnings, adjusted for investment gains, were 22 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 27 cents per share.
The business development company posted revenue of $11.9 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $12.4 million.
Capitala Finance shares have increased 20 percent since the beginning of the year.