NEW YORK (AP) _ KCAP Financial Inc. (KCAP) on Wednesday reported a first-quarter loss of $6.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 18 cents. Earnings, adjusted for investment costs, were 13 cents per share.
The business development company posted revenue of $9.5 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $3.48. A year ago, they were trading at $6.03.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KCAP at http://www.zacks.com/ap/KCAP
Keywords: KCAP Financial, Earnings Report
Automated Insights, source Associated Press News