Goldman Sachs BDC meets 3Q profit forecasts

NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Thursday reported third-quarter profit of $18.1 million.

On a per-share basis, the New York-based company said it had net income of 45 cents. Earnings, adjusted for non-recurring costs, were 47 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 47 cents per share.

The specialty finance company posted revenue of $34.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $33.2 million.

Goldman Sachs BDC shares have decreased 6 percent since the beginning of the year. The stock has climbed slightly more than 6 percent 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 GSBD at https://www.zacks.com/ap/GSBD