NEW YORK (AP) — NEW YORK (AP) — SLR Investment Corp. (SLRC) on Tuesday reported fourth-quarter net income of $22.6 million.
On a per-share basis, the New York-based company said it had net income of 41 cents. Earnings, adjusted for investment costs, were 44 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The business development company posted revenue of $55.6 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $56.7 million.
For the year, the company reported profit of $95.8 million, or $1.76 per share. Revenue was reported as $232.4 million.
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