Gladstone Investment: Fiscal Q2 Earnings Snapshot

MCLEAN, Va. (AP) — MCLEAN, Va. (AP) — Gladstone Investment Corp. (GAIN) on Wednesday reported fiscal second-quarter net income of $47.4 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of $1.40. Earnings, adjusted for investment gains, came to 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The business development company posted revenue of $20.3 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $22.6 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