NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Thursday reported fiscal first-quarter profit of $3 million.

The New York-based company said it had profit of 5 cents per share. Earnings, adjusted for investment costs, came to 43 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The investment company posted revenue of $56.7 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $62.5 million.

Apollo Investment shares have dropped 44% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.75, a drop of 39% 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 AINV at https://www.zacks.com/ap/AINV

Automated Insights, source Associated Press News