CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Tuesday reported third-quarter earnings of $14.4 million.

The Charlotte, North Carolina-based company said it had net income of 22 cents per share. Earnings, adjusted for investment costs, came to 23 cents per share.

The results matched 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 $35 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $33.1 million.

Barings BDC shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.41, a rise of 42% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News