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Fidus Investment posts 4Q profit, results top Street expectations

EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported fourth-quarter earnings of $7.8 million.

The Evanston, Illinois-based company said it had profit of 48 cents per share. Earnings, adjusted for investment gains, were 44 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The closed-end investment company posted revenue of $15.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $13.7 million.

For the year, the company reported profit of $26 million, or $1.60 per share. Revenue was reported as $54.3 million.

Fidus Investment shares have increased slightly more than 6 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.55, a drop of 15 per cent 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 FDUS at http://www.zacks.com/ap/FDUS

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Keywords: Fidus Investment, Earnings Report