NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Thursday reported fiscal fourth-quarter net income of $4.2 million.

The New York-based company said it had net income of 7 cents per share. Earnings, adjusted for investment costs, came to 42 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The investment company posted revenue of $54.7 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $54.1 million.

For the year, the company reported profit of $82.4 million, or $1.28 per share. Revenue was reported as $213.2 million.

Apollo Investment shares have fallen nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.91, a decrease of 18% 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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