Alcentra Capital: 2Q Earnings Snapshot
NEW YORK (AP) _ Alcentra Capital Corp. (ABDC) on Monday reported a loss of $2.2 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 16 cents. Earnings, adjusted for investment costs, were 25 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The asset management and investment group posted revenue of $7.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $6.8 million.
Alcentra Capital shares have fallen 25 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.28, a decline of 45 percent in the last 12 months.