NEW YORK (AP) _ Golub Capital BDC Inc. (GBDC) on Monday reported fiscal first-quarter profit of $47 million.

The New York-based company said it had net income of 35 cents per share. Earnings, adjusted for investment gains, were 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The business development company posted revenue of $78.6 million in the period.

Golub Capital BDC shares have declined slightly since the beginning of the year. The stock has increased roughly 2% in the last 12 months.

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

Automated Insights, source Associated Press News