MCLEAN, Va. (AP) _ Gladstone Investment Corp. (GAIN) on Tuesday reported fiscal second-quarter net income of $28.1 million.

The McLean, Virginia-based company said it had profit of 85 cents per share. Earnings, adjusted for investment gains, came to 23 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The business development company posted revenue of $18.5 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $16.2 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GAIN at https://www.zacks.com/ap/GAIN

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