MCLEAN, Va. (AP) _ Gladstone Investment Corp. (GAIN) on Tuesday reported fiscal second-quarter earnings of $11.4 million.

On a per-share basis, the McLean, Virginia-based company said it had net income of 34 cents. Earnings, adjusted for investment gains, were 29 cents per share.

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

The business development company posted revenue of $20.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $17.4 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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