Fidus Investment: 2Q Earnings Snapshot
EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported second-quarter net income of $8 million. On a per-share basis, the Evanston, Illinois-based company said it had net income of 33 cents. Earnings, adjusted for one-time gains and costs, came to 37 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The closed-end investment company posted revenue of $20.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $18.3 million. Fidus Investment shares have declined 41% since the beginning of the year. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on FDUS at https:||www.zacks.com|ap|FDUS
Fidus Investment: 2Q Earnings Snapshot
EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported second-quarter net income of $8 million. On a per-share basis, the Evanston, Illinois-based company said it had net income of 33 cents. Earnings, adjusted for one-time gains and costs, came to 37 cents per share. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. The closed-end investment company posted revenue of $20.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $18.3 million. Fidus Investment shares have declined 41% since the beginning of the year. _____ This story was generated by Automated Insights (http:||automatedinsights.com|ap) using data from Zacks Investment Research. Access a Zacks stock report on FDUS at https:||www.zacks.com|ap|FDUS