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Stellus Capital misses Street 3Q forecasts

HOUSTON (AP) _ Stellus Capital Investment Corp. (SCM) on Thursday reported third-quarter net income of $5.6 million.

On a per-share basis, the Houston-based company said it had profit of 36 cents. Earnings, adjusted for investment gains, came to 29 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The investment company posted revenue of $10 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $10.1 million.

Stellus Capital shares have increased 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.96, an increase of 26 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 SCM at https://www.zacks.com/ap/SCM