NEW YORK (AP) _ Prospect Capital Corp. (PSEC) on Tuesday reported fiscal third-quarter earnings of $19.5 million.
The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for investment costs, came to 20 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The business development company posted revenue of $171 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $182.8 million.
Prospect Capital shares have increased almost 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.08, a climb of 25 percent in the last 12 months.
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