Crescent Capital BDC: Q4 Earnings Snapshot

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LOS ANGELES (AP) — LOS ANGELES (AP) — Crescent Capital BDC, Inc. (CCAP) on Wednesday reported fourth-quarter earnings of $30.9 million.

On a per-share basis, the Los Angeles-based company said it had net income of 83 cents. Earnings, adjusted for investment gains, were 61 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The company posted revenue of $50 million in the period.

For the year, the company reported profit of $83.8 million, or $2.33 per share. Revenue was reported as $184.1 million.

Crescent Capital BDC shares have decreased 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.50, a rise of 14% in the last 12 months.

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