CHARLOTTE, N.C. (AP) _ Barings BDC, Inc. (BBDC) on Wednesday reported fourth-quarter net income of $11.5 million.

On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 18 cents. Earnings, adjusted for investment costs, came to 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 $36.6 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $33.7 million.

For the year, the company reported profit of $77.7 million, or $1.19 per share. Revenue was reported as $135.3 million.

Barings BDC shares have fallen 1.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.85, a rise of 15% 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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