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Birthday : 08/30/1930
Place of birth : Omaha (Omaha) - USA
Biography : Mr. Warren E. Buffett is Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., C
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KCAP Financial : reports 1Q loss

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05/05/2016 | 01:11am CEST

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

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