NEW YORK (AP) _ Medley Capital Corp. (MCC) on Friday reported fiscal third-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of $2.79. Losses, adjusted for investment gains, were 26 cents per share.
The investment firm posted revenue of $4.3 million in the period.
Medley shares have fallen 64% since the beginning of the year. In the final minutes of trading on Friday, shares hit $15.65, a drop of 71% in the last 12 months.