CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Thursday reported first-quarter profit of $21 million.

The Charlotte, North Carolina-based company said it had profit of 25 cents per share. Earnings, adjusted for investment gains, were 23 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share.

The business development company posted revenue of $43.8 million in the period.

Barings BDC shares have fallen almost 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.04, a drop of 3% 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 BBDC at https://www.zacks.com/ap/BBDC

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