THL Credit: 2Q Earnings Snapshot
BOSTON (AP) _ THL Credit Inc. (TCRD) on Wednesday reported second-quarter net income of $1.5 million.
On a per-share basis, the Boston-based company said it had net income of 5 cents. Earnings, adjusted for non-recurring costs, came to 31 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The business development company posted revenue of $18.4 million in the period.
THL Credit shares have decreased 13 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.84, a fall of 19 percent in the last 12 months.