Gladstone Investment: Fiscal Q1 Earnings Snapshot

August 4, 2022 GMT

MCLEAN, Va. (AP) _ Gladstone Investment Corp. (GAIN) on Wednesday reported fiscal first-quarter profit of $12 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring gains, were 22 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share.

The business development company posted revenue of $19.3 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $17.1 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 GAIN at https://www.zacks.com/ap/GAIN