MIAMI (AP) — MIAMI (AP) — WhiteHorse Finance Inc. (WHF) on Wednesday reported first-quarter profit of $6 million.
The Miami-based company said it had profit of 26 cents per share. Earnings, adjusted for investment costs, came to 47 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The lender to small companies posted revenue of $25.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $24.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHF at https://www.zacks.com/ap/WHF
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