NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Thursday reported fiscal first-quarter profit of $32.1 million.

On a per-share basis, the New York-based company said it had profit of 49 cents. Earnings, adjusted for investment gains, were 39 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 39 cents per share.

The investment company posted revenue of $50.6 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $50.8 million.

Apollo Investment shares have risen 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.70, a rise of 39% 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 AINV at https://www.zacks.com/ap/AINV

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