NEW YORK (AP) _ Apollo Investment Corp. (AINV) on Thursday reported fiscal second-quarter profit of $25.4 million.

The New York-based company said it had net income of 39 cents per share. Earnings, adjusted for investment gains, were 33 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 36 cents per share.

The investment company posted revenue of $52.9 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $51.6 million.

Apollo Investment shares have increased 25% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.29, a rise of 67% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News