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Fidus Investment meets 3Q profit forecasts

EVANSTON, Ill. (AP) _ Fidus Investment Corp. (FDUS) on Thursday reported third-quarter net income of $12.1 million.

The Evanston, Illinois-based company said it had net income of 49 cents per share. Earnings, adjusted for investment gains, were 38 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.

The closed-end investment company posted revenue of $18 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $17.7 million.

Fidus Investment shares have risen 4 percent since the beginning of the year.

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