BlackRock Kelso: Q4 Earnings Snapshot

Associated Press
Updated ·1 min read

NEW YORK (AP) _ BlackRock Kelso Capital Corp. (BKCC) on Wednesday reported fourth-quarter net income of $9.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for investment gains, were 10 cents per share.

The closed-end investment company posted revenue of $14.6 million in the period.

For the year, the company reported that its loss widened to $103.9 million, or $1.49 per share. Revenue was reported as $67.1 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.36. A year ago, they were trading at $4.68.

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