Apollo Investment: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Wednesday reported fiscal first-quarter net income of $13.3 million.
The New York-based company said it had net income of 6 cents per share. Earnings, adjusted for investment costs, were 15 cents per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share.
The investment company posted revenue of $63.6 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $62.4 million.
Apollo Investment shares have climbed almost 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.93, a decrease of nearly 7 percent in the last 12 months.