Crescent Capital BDC: Q3 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Crescent Capital BDC, Inc. (CCAP) on Monday reported third-quarter net income of $10.1 million.

The Los Angeles-based company said it had profit of 27 cents per share. Earnings, adjusted for investment costs, came to 37 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The company posted revenue of $36.9 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $36 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCAP at https://www.zacks.com/ap/CCAP