NEW YORK (AP) — NEW YORK (AP) — BCP Investment Corp. (BCIC) on Thursday reported third-quarter net income of $23.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of $1.86. Earnings, adjusted for investment gains, came to 70 cents per share.
The business development company posted revenue of $18.9 million in the period.
BCP Investment shares have dropped 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.90, a drop of 36% in the last 12 months.
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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 BCIC at https://www.zacks.com/ap/BCIC
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