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Fidus Investment: 3Q Earnings Snapshot

Fidus Investment: 3Q Earnings Snapshot

Associated Press

EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported third-quarter net income of $14.8 million.

The Evanston, Illinois-based company said it had profit of 61 cents per share. Earnings, adjusted for non-recurring gains, were 31 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The closed-end investment company posted revenue of $17.9 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $18.4 million.

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Fidus Investment shares have fallen 8.5 percent since the beginning of the year.

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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 FDUS at https://www.zacks.com/ap/FDUS