NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Thursday reported a fiscal fourth-quarter loss of $147.2 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of $2.22 per share. Earnings, adjusted for non-recurring costs, came to 59 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The investment company posted revenue of $71.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $63.8 million.

For the year, the company reported a loss of $116.1 million, or $1.73 per share, swinging to a loss in the period. Revenue was reported as $276.9 million.

Apollo Investment shares have decreased 48% since the beginning of the year. The stock has declined 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 AINV at https://www.zacks.com/ap/AINV

Automated Insights, source Associated Press News