NEW YORK (AP) _ Golub Capital BDC Inc. (GBDC) on Wednesday reported fiscal third-quarter profit of $21.7 million.

On a per-share basis, the New York-based company said it had profit of 36 cents. Earnings, adjusted for investment gains, were 31 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The business development company posted revenue of $38.4 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $36.8 million.

Golub Capital BDC shares have increased slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.98, a drop of almost 2 percent in the last 12 months.


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