CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Wednesday reported second-quarter earnings of $54.7 million.

The Charlotte, North Carolina-based company said it had profit of $1.14 per share. Earnings, adjusted for investment gains, were 14 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The business development company posted revenue of $16.1 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $17.5 million.

Barings BDC shares have decreased 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.87, a fall of 19% 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 BBDC at https://www.zacks.com/ap/BBDC

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