MIAMI BEACH, Fla. (AP) _ PennantPark Investment Corp. (PNNT) on Wednesday reported a loss of $18.5 million in its fiscal third quarter.

On a per-share basis, the Miami Beach, Florida-based company said it had a loss of 28 cents. Earnings, adjusted for investment costs, came to 16 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 17 cents per share.

The business development company posted revenue of $23.3 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $23.7 million.

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

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