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NEW YORK (AP) — NEW YORK (AP) — MidCap Financial Investment Corporation (MFIC) on Monday reported first-quarter profit of $30.3 million.
The New York-based company said it had net income of 32 cents per share. Earnings, adjusted for investment costs, were 37 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The investment company posted revenue of $78.7 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $82.3 million.
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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 MFIC at https://www.zacks.com/ap/MFIC