PHOENIX (AP) — PHOENIX (AP) — Trinity Capital Inc. (TRIN) on Wednesday reported second-quarter earnings of $41.4 million.
On a per-share basis, the Phoenix-based company said it had profit of 63 cents. Earnings, adjusted for investment gains, came to 53 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The business development company posted revenue of $69.5 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $68.4 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 TRIN at https://www.zacks.com/ap/TRIN
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